Top 200 New York Hedge Funds up $26 billion; Oversee nearly $830 billion
|June 15th, 2014
|The Top 200 New York Metro Area Equity Hedge Funds recorded another strong quarter with assets growing by $26 billion or 3.3% to $828 billion. The growth was driven by a core group of 17 funds that all saw their assets grow by more the $1 billion each. Leading the top gainers are Millennium Management (+$5.4B), D.E. Shaw & Co (+$4.4B), PDT Partners ($3.4B) and Gotham Asset Management (+$2.4B)|
Top 200 New York Hedge Fund list was not without turnover during the quarter as 16 new hedge funds made it onto the list. The biggest jump for a new entrant belongs to Nokota Management, which landed at number 148 with just over $1 billion in equity assets. Nokota is an emerging manager long/short equity manager that was founded in 2011 by Matthew Knauer and Mina Faltas. Prior to Nokota Management, Knauer and Faltas spent time at Appaloosa Management and Viking Global, respectively.
Overall, Emerging Hedge Fund Managers accounted for 25 of the hedge funds on the list. Among the more notable emerging managers to make the list is Slate Path Capital. David Greenspan founded Slate Path in 2012 with a team of his former colleagues from John Griffin’s Blue Ridge Capital. While Slate Path is ranked #126 on the list with $2 billion in assets, Griffin’s Blue Ridge is ranked #15 with nearly $9 billion in assets.
Not surprisingly, Manhattan is home to 164 of the top 200 funds. In fact, just two midtown zip codes (10019 and 10022) are home to 92 of the top 200 NYC area hedge funds, accounting for $289 billion in assets. While the vast majority of NYC’s hedge funds are based in Manhattan, Greenwich still holds a meaningful presence with 12% of assets.
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.
For Detailed Investor Profiles on these Investors, click below:
|David E. Shaw; ||David Nolan; ||Eric Wepsic; ||Israel Izzy Englander; ||John Griffin; ||Jonathan Larkin*;; ||Julius Gaudio; ||Louis Salkind; ||Matthew Knauer; ||Max Stone; ||Michael Gelband; ||Mina Faltas; ||Peter Muller; ||Stuart Steckler(retired)*|| Blackstone Group; || Morgan Stanley*; || Nokota Partners, Appaloosa Management; || PDT Capital Group LP; || PDT Partners; ||Blue Ridge Capital LP; ||Blue Ridge Offshore LP; ||D. E. Shaw Oculus Portfolios, LLC; ||D. E. Shaw Valence Portfolios; ||D.E. Shaw Group; ||D.E. Shaw Investment Management; ||DE Shaw Heliant Fund; ||Millennium International Fund; ||Millennium Management LLC; ||Millennium Partners; ||Millennium Partners LP; ||Millennium U.S.A.; ||Nokota Advisors LLC, Nokota Management LP; ||Process Driven Trading|
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