NYC’s Top Hedge Funds Struggle: Assets drop by -9.5%
|June 26th, 2016||
|The Top New York Hedge Funds had another tough quarter, as their combined assets dropped by -9.5%, or nearly 73.5 billion. Despite their overall woes, an elite group of 32 hedge funds saw their assets increase by more the $100 million each. Leading the top gainers were Renaissance Technologies Corporation, Zimmer Partners and Fore Research & Management. Overall, the top 100 NYC funds now manage just over $700 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. In fact, just two midtown zip codes (10022 and 10019) are home to 50 of the top 100 NYC area hedge funds.
Philippe Laffont’s Coatue Capital is not only a top ranked NYC hedge fund, but it is also the #2 ranked Tech, Media and Telecom Hedge Fund, with $7.8 billion in TMT Assets.
Hedge Tracker releases a series of top hedge fund lists on a quarterly basis. To view the Top New York Hedge Fund list in its entirety, please visit Hedge Tracker’s Premium Hedge Fund Portal.
For Detailed Investor Profiles on these Investors, click below: