Top New York City Hedge Funds down 25% since 2007
|August 6th, 2012||
|While New York’s hedge fund industry has largely recovered since the 2008 financial crisis, the metropolitan area’s largest hedge funds still have a smaller overall pool of equity assets under management. According to a recent study, the top 100 New York Metro Area hedge funds manage $436B in US equities, down 25% from $583B during Q1 2007.|
The top 100 NYC hedge fund list was weakened severely by the stream of top hedge funds that have closed down since 2007, including Vikram Pandit’s Old Lane Management, Art Samberg’s Pequot Capital Management, David Ganek’s Level Global Investors, and Neil Barsky’s Alson Capital Partners. The hedge fund list was also not helped by the closing of Raj Rajaratnam’s insider trader scandal plagued Galleon Management
Notably, four of today’s top 10 NYC Area Equity Hedge Funds were also among the top 10 during Q1 2007. These industry stalwarts include AQR Capital Management, D.E. Shaw & Co, SAC Capital Advisors, and Renaissance Technologies Corporation. While the latest 2012 list includes many newcomers, impressively fifty-seven from the 2007 list are still ranked among the top 100.
Midtown Manhattan serves as the hedge fund epic center of the most recent list, housing the majority of the top NYC hedge funds. Remarkably, just three midtown zip codes (10017, 10019, and 10022) are currently home to fifty-three of the top 100 hedge funds on the list.
To view the Top 100 or Top 200 New York Hedge Fund lists in their entirety, please visit the Top Hedge Fund List Portal. HedgeTracker releases a series of top hedge fund lists on a quarterly basis, which can also be accessed via the Top Hedge Fund Portal.