New York Still World's Hedge Fund Capital, London Distant Second

Apr 29 2011 | 1:06pm ET

New York remains the place to be for hedge funds, according to a new report.

The Big Apple is home to firms managing a whopping 41% of all global hedge fund assets, according to TheCityUK, which seeks to promote the U.K. financial services industry. The report also shows that the City referred to in the name TheCityUK, London, still has a lot of catching up to do, with just 19% of the world's hedge fund assets.

And the bigger hedge funds get, the better the Big Apple looks: Hedge fund firms managing more than $1 billion are even more likely to call New York home, with the city housing some 45% of assets under management at such firms. London, by contrast, can boast of only 14%.

"The U.S. is by far the leading location for management of hedge fund assets, with more than two-thirds of the total," TheCityUK said.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.