Assets of Top 200 New York Metro Area Hedge Funds surge 12% in latest HedgeTracker list

March 23rd, 2014
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The top NYC hedge funds increased assets by almost $86 billion over the last quarter and now oversee greater than $800 billion, according to the latest Top 200 New York Hedge Fund list from HedgeTracker. Impressively, 45 of the top 50 funds saw their assets grow during the quarter, amounting to an average gain of more than $1.6 billion.

Twenty six hedge funds on the list saw their equity assets jump by more than $1 billion over the last quarter. Leading the top gainers are D.E. Shaw & Co. (+$5.9B), Icahn Associates (+$5.8B), AQR Capital Management LLC (+$4.8B), and Paulson & Co. (+$4.8B).

The Top 200 New York Hedge Fund list welcomes seventeen new hedge funds to the list. Three hedge funds succeeded in breaking into the top 100, including Amici Capital (#69), Jeffries Asset Management LLC (#80) and Ziff Brothers Investments (ZBI) (#96). Amici Capital, which was previously known Porter Orlin, is led by principals A. Alex Porter Jr. and Paul Orlin and manages a series of hedge funds including the Amici Fund International and Amici Associates.

Manhattan retained its position as the hedge fund capital of the world housing 160 of the top 200 funds. In fact, just two midtown zip codes (10019 and 10022) are home to 87 of the top 200 NYC area 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.

Notably, 40 hedge funds on the list are headquartered outside of Manhattan. These suburban based hedge funds, which oversee nearly $186B 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 (#8). The top metro area suburb was once again Greenwich with 16 funds, followed by Westport and Stamford, with 3 funds each.

HedgeTracker 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 the Top Hedge Fund List Premium Directory.
For Detailed Investor Profiles on these Investors, click below:
AQR Capital Management LLC
Coatue Capital
D.E. Shaw & Co
Icahn Associates (Carl Icahn)
Jefferies Asset Management LLC
Lone Pine Capital
Paulson & Co.
Third Point Management Company
Viking Global Investors
Related People: Alexander J. Denner; Andreas Halvorsen; Andrew Hoine; Anne Dinning; Brett Icahn; Brian Olson*; Carl Icahn; Clifford Asness, Ph.D.; Daniel Loeb; David Craver; David E. Shaw; David G. Kabiller; David Ott; David Scully (CMO); Eric Wepsic; James L. Carruthers*; John M. Liew; John Paulson; Julius Gaudio; Keith A. Meister*; Kerry Tyler; Louis Salkind; Mala Gaonkar; Marco Tablada; Max Stone; Mena Gerowin*; Mike Barr; Munib Islam; Philippe Laffont; Robert J. Krail; Robert Schwartz; Sheru Chowdhry; Steve Mandel; Steve Mandel; Stuart Merzer; Stuart Steckler(retired)*; Thomas Laffont; Tim Lash
Related Entities: 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; D. E. Shaw Oculus Portfolios, LLC; D. E. Shaw Valence Portfolios; D.E. Shaw Group; D.E. Shaw Investment Management; DE Shaw Heliant Fund; High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP; Jefferies Asset Management (JAM); Jefferies Buckeye; Jefferies Capital Partners; Jefferies Paragon; Jefferies RTS; 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; Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI; Third Point LLC; Third Point Opportunities Master Fund LP; Third Point Resources LP; Third Point Ultra Master Fund LP; Third Point Ventures; Tiger Management*; Tiger Management*; Viking Global Equities; Viking Global Equities III; Viking Global Investors LP
Related Article Tags: Investment Management, Fund Manager and General Financial News; Featured Reports

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