Top New York Hedge Funds Dominate Rankings; Top 100 Oversee $409 Billion

September 10th, 2012
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The list of the Top 100 Hedge Funds from the greater New York City metropolitan area has been released for the most recent quarter, revealing that the top NYC hedge funds oversee a combined $409B in US equities. Not surprisingly, eight of the top hedge funds on the list are also members of HedgeTracker’s overall top 10 hedge fund list.

Notably, 19 hedge funds on the list are headquartered outside of Manhattan. These suburban based hedge funds, which oversee $106B in assets, are primarily based in the Connecticut suburbs. The top two Connecticut hedge funds on the list were Steve Mandel’s Lone Pine Capital with $16.4B (#3 on the list) and Clifford Asness’ AQR Capital Management LLC with $16.2B (#4 on the list). The top metro area suburbs were Greenwich CT (8 top hedge funds), Stamford CT (7 funds) and Chatham NJ (2 funds).

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-seven of the top 100 NYC hedge funds. In fact, hedge funds with offices in 10022, which is home to a number of the industry’s powerhouses such as Renaissance Technologies, Paulson & Co. and Coatue Capital, manage more than 26% of the list’s total equity assets.

While many hedge funds saw their assets jump, the Top 100 NYC Hedge Funds overall saw their US Equity assets decrease by $27 Billion, or -6.2%, to $409 Billion during the second quarter of 2012.

Among the top 200 New York Metro area Equity Hedge Funds, ten of the funds are based in the 50-story General Motors Building at 767 Fifth Avenue, while six of the funds are based in the luxury office tower at 40 W. 57th. Overall, the most popular Avenues among Manhattan Hedge Funds are Fifth Avenue (37 funds), Madison Avenue (29 funds), Park Avenue (20 funds) and Third Avenue (18 funds).

To view the Top 100 New York Hedge Fund list in its entirety, please visit our Top Hedge Fund List ranking portal. HedgeTracker releases a series of top hedge fund lists on a quarterly basis, which can also be accessed via our please Hedge Fund portal.
For Detailed Investor Profiles on these Investors, click below:
AQR Capital Management LLC
Coatue Capital
Lone Pine Capital
Paulson & Co.
Renaissance Technologies Corporation
Related People: Peter Brown; Robert L. Mercer; Andrew Hoine; Clifford Asness, Ph.D.; David Craver; David G. Kabiller; David Scully (CMO); Jim Simons; John M. Liew; John Paulson; Kerry Tyler; Mala Gaonkar; Marco Tablada; Mena Gerowin*; Mike Barr; Philippe Laffont; Robert J. Krail; Sheru Chowdhry; Steve Mandel; Steve Mandel; Stuart Merzer; Thomas Laffont
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; 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; 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; Tiger Management*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports


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