A third of hedge fund industry assets managed in New York – Preqin

A recent research published by consultant Preqin has found out that over one third of the $3trn (€2.7trn) hedge fund industry assets are managed by hedge funds based in New York.

Hedge funds headquartered in New York totalled $1.02trn (€915bn) in assets under management as at 31 December 2014.

Behind New York, London with $395 AUM (€354.3bn) and Boston with $171 AUM (€153.4bn) complete the top three. Westport Connecticut and Greenwich come next. Almost two-thirds of the hedge fund industry’s assets are managed in hedge funds located in these five cities.

Seven of the top 10 hedge funds cities (in terms of AUM) are based in the US. Hong Kong comes eighth and Stockholm is ranked tenth.

According to Preqin, Och-Ziff Capital leads the market in New York with $46.8bn (€42bn) in assets under management as 1 July 2015, alongside BlackRock ($31.1bn AUM as 31 March 2015 – €27.9bn) and Millenium ($29.2bn AUM as at 1 May 2015 – €26.1bn).





Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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