Top New York Hedge Funds see assets jump by 21% YTD; Two Sigma & Renaissance Technologies surge

July 1st, 2013
| More
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).

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-five of the top 100 NYC hedge funds. 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 Levin Capital Strategies, manage 25.6% of the list’s total equity assets.

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:
Coatue Capital
Paulson & Co.
Renaissance Technologies Corporation
Related People: Peter Brown; Robert L. Mercer; Andrew Hoine; David Scully (CMO); Jim Simons; John Paulson; Mena Gerowin*; Mike Barr; Philippe Laffont; Sheru Chowdhry; Stuart Merzer; Thomas Laffont
Related Entities: Coatue Capital; Coatue Offshore funds; Coatue Qualified 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
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Spotlight Reports


More Recent Headlines

Dinakar Singh’s TPG-Axon Capital ousts SandRidge Energy’s CEO

AIFMD – What you should be doing to comply (Part II)

Daniel Loeb’s Third Point LLC Longs for Less Short Positions

Omega Advisors’ Leon Cooperman to deliver 2013 Stock Picks

Kingdon Capital veteran Geoff Swerdlin forms Partes Capital Management

Scout Capital Management’s Appetite for Activism Grows with Restaurant Stakes

Glenview Capital Management and Jana Partners push for Board Makeover at Health Management Associates

FRM enters into strategic relationship with CommEq Asset Management

Top 100 Small- and Mid-Cap Hedge Funds oversee $255 billion; Icahn Associates claims the top spot

Top Emerging Hedge Fund Managers Nearly Eclipse $60 billion Mark, PointState Capital & PDT Partners LLC bulk-up