|The Top New York Hedge Funds overcame a tough quarter by squeaking out a 0.3% gain. This past quarter’s positive performance was driven by an elite group of 29 hedge funds who all saw their assets increase by more the $500 million each. Leading the top gainers are industry stalwarts AQR Capital, Renaissance Technologies, and Tiger Global. Overall, the top 100 NYC funds now manage $775 billion in equity assets.|
Not surprisingly, Manhattan retained its position as the hedge fund capital of the world, housing 82 of the top 100 NYC funds. Once again midtown’s 10022 zip code was dominant, claiming the offices for 33 of the top 100 hedge funds. Hedge funds in 10022, which is home to a number of the industry’s stalwarts such as Renaissance Tech, Coatue Capital, and Third Point, now manage 25% of the list’s total assets.
Among the emerging managers on this quarter’s top 100 NYC hedge funds list is James Crichton’s Hitchwood Capital. Notably, Hitchwood is also a top ranked fund on HedgeTracker’s Top Tech, Telecom and Media Hedge Fund List, allocating greater than 51% of its $1.7 billion in total assets to TMT stocks.
Hedge Tracker releases a series of top hedge fund lists on a quarterly basis. To view the Top 200 New York Hedge Fund list in its entirety, please visit Hedge Tracker’s Premium Hedge Fund Portal.