Top New York Hedge Funds see assets jump by 21% YTD; Two Sigma & Renaissance Technologies surge
|July 1st, 2013||
|An astounding 90% of the hedge funds on the Top 100 New York Equity Hedge Fund List have seen their assets increase year-to-date. Overall, the top NYC hedge funds have seen their equity assets jump by an impressive $97.7 billion, or 21%. |
Twenty-six hedge funds on the Top 100 New York Hedge Fund list saw their equity assets jump by more than $1 billion over the quarter. Leading the top gainers are Two Sigma Investments (+$7.1B), Renaissance Technologies (+$6.9B), and Millennium Management (+$6.2B).
Among the top 100 New York Metro area Equity Hedge Funds, nine of the funds are based in the 50-story General Motors Building at 767 Fifth Avenue, while four of the top funds are based in the luxury office tower confines of 40 W. 57th.
Notably, 19 hedge funds on the list are headquartered outside of Manhattan. These suburban based hedge funds, which oversee nearly $135B 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 Mandel’s Lone Pine Capital (#6) and Steve Cohen’s SAC Capital Advisors (#7). The top metro area suburb was once again Greenwich with 6 of the top 100 hedge funds.
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: