Top 100 New York City Hedge Funds see assets jump by nearly 27%

April 1st, 2013
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The list of the Top 100 Hedge Funds from the greater New York City metropolitan area has been released for the most recent quarter, revealing that the top NYC hedge funds oversee a combined $464.8B in US equities. The top hedge funds’ assets increased by $13.9B, or 3.1%, over the fourth quarter. During the course of 2012, the top NYC hedge funds saw their assets jump by an impressive $97.7B, or 26.6%.

Midtown Manhattan has held on to its position as the hedge fund world’s epic center, housing the majority of the top New York hedge funds. Notably, just two midtown zip codes (10019 and 10022) are home to forty-six of the top 100 NYC hedge funds. In fact, hedge funds with offices in 10022, which is home to a number of the industry’s powerhouses such as Renaissance Technologies, Paulson & Co., Coatue Capital, and Third Point Management Company, manage more than 26% of the list’s total equity assets.

Among the top 100 New York Metro area Equity Hedge Funds, ten of the funds are based in the 50-story General Motors Building at 767 Fifth Avenue, while four of the funds are based in the luxury office tower confines of 40 W. 57th.

Notably, 18 hedge funds on the list are headquartered outside of Manhattan. These suburban based hedge funds, which oversee nearly $120B in assets, are primarily based in the Connecticut suburbs. The top Connecticut hedge funds on the list were AQR Capital Management LLC (#3 on the list), Steve Cohen’s SAC Capital Advisors (#4) and Steve Mandel’s Lone Pine Capital (#6). The top metro area suburb was once again Greenwich CT with 8 of the top 100 hedge funds.

Eleven hedge funds on the Top 100 New York Hedge Fund list saw their equity assets jump by more than $1 billion over the quarter. Impressively, forty-three hedge funds saw their assets jump by between $100 million and $1 billion. Leading the top gainers were Paulson & Co. (+$3.6B), Bridgewater Associates LP (+$2.4B), Renaissance Technologies (+$1.8B), and Icahn Associates (+$1.7B).

HedgeTracker releases a series of top hedge fund lists on a quarterly basis. To view the Top 100 New York Hedge Fund list in its entirety, please visit the Top Hedge Fund List ranking portal.
For Detailed Investor Profiles on these Investors, click below:
Coatue Capital
Icahn Associates (Carl Icahn)
Paulson & Co.
Renaissance Technologies Corporation
SAC Capital Advisors
Third Point Management Company
Related People: Alexander J. Denner; Andrew Hoine; Brett Icahn; Carl Icahn; Daniel Loeb; David Scully (CMO); James L. Carruthers; Jim Simons; John Paulson; Keith A. Meister*; Mena Gerowin; Mike Barr; Philippe Laffont; Robert Schwartz; Steven A. Cohen; Stuart Merzer; Thomas Laffont; Tim Lash
Related Entities: Canvas Capital; Coatue Capital; Coatue Offshore funds; Coatue Qualified Partners LP; CR Intrinsic Investors; High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP; Medallion; Nova; Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI; Renaissance Institutional Equities Funds; Renaissance Institutional Management LLC; Renaissance Technologies LLC; Rentec; S.A.C. Global Investors; SAC Capital Associates; SAC Meridian; SAC MultiQuant; SAC Select; Sigma Capital Management; Third Point LLC; Third Point Opportunities Master Fund LP; Third Point Resources LP; Third Point Ultra Master Fund LP; Third Point Ventures; Walter Capital Management*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports


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