Top New York Metro Area Hedge Funds see assets jump by nearly 25% YTD

October 8th, 2013
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An impressive 88% 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 a $115 billion, or 24.8%.

Thirty-three hedge funds on the Top 100 New York Hedge Fund list have seen their equity assets jump by more than $1 billion YTD. Leading the top gainers are Icahn Associates (+$8.6B), D.E. Shaw & Co (+$7.6B), and Millennium Management (+$6.5B).

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. 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, manage 24% of the list’s total equity assets.

Among the top 100 New York Metro area Equity Hedge Funds, eight of the funds are based in the 50-story General Motors Building at 767 Fifth Avenue, while four of the top 100 funds are based in the luxury office tower at of 40 W. 57th. Notably, four funds share space, in the venerable Tiger Management trading floors of 101 Park Avenue.

Notably, 18 hedge funds on the list are headquartered outside of Manhattan. These suburban based hedge funds, which oversee nearly $41B 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 (#7) and Andreas Halvorsen’s Viking Global Investors (#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:
AQR Capital Management LLC
Coatue Capital
Icahn Associates (Carl Icahn)
Lone Pine Capital
Third Point Management Company
Viking Global Investors
Tiger Management
Related People: Alex Robertson; Alexander J. Denner; Andreas Halvorsen; Brett Icahn; Brian Olson*; Carl Icahn; Clifford Asness, Ph.D.; Daniel Loeb; David Craver; David G. Kabiller; David Ott; David Scully (CMO); James L. Carruthers*; John M. Liew; John Townsend; Julian Robertson; Keith A. Meister*; Kerry Tyler; Mala Gaonkar; Marco Tablada; Munib Islam; Philippe Laffont; Robert J. Krail; Robert Schwartz; Steve Mandel; Steve Mandel; Thomas Laffont; Tim Lash
Related Entities: Tiger Asia; Tiger Consumer; Tiger Global; Tiger Management LLC; Tiger Shark Management; Tiger Veda; AQR Absolute Return Master; AQR Delta Master Account; AQR Global Asset Allocation; AQR Global Equity Master; AQR Global Stock Selection; AQR International Equity Fund; AQR RC Equity International; AQR Small Cap Value Fund LP; Coatue Capital; Coatue Offshore funds; Coatue Qualified Partners LP; High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP; Lone Balsam LP; Lone Cascade; Lone Cypress Funds; Lone Dragon Pine; Lone Juniper; Lone Pine Capital (LPC); Lone Pine Sierra LP; Lone Sequoia LP; Lone Spruce LP; Third Point LLC; Third Point Opportunities Master Fund LP; Third Point Resources LP; Third Point Ultra Master Fund LP; Third Point Ventures; Tiger Fund *; Tiger Jaguar Fund*; Tiger Management Corp; Tiger Management LP; Tiger Management*; Tiger Management*; Tiger Puma*; Viking Global Equities; Viking Global Equities III; Viking Global Investors LP
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports


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