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 $464.8B in US equities. The top hedge funds’ assets increased by $13.9B, or 3.1%, over the fourth quarter. During the course of 2012, the top NYC hedge funds saw their assets jump by an impressive $97.7B, or 26.6%.
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. 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., Coatue Capital, and Third Point Management Company, manage more than 26% of the list’s total equity assets…..