New York Home To 25% Of $2T Hedge Fund Industry

Mar 26 2008 | 2:00am ET

New York remains the capital of the burgeoning global hedge fund industry, according to a new report.

Credit Agricole Structured Asset Management’s 2007 Industry Report said that, though most hedge funds are domiciled abroad, 60% are based in the U.S. New York alone boasts the principal operations of 25% of the world’s almost 10,000 hedge funds.

As of the end of last year, hedge funds managed $2.16 trillion, according to CASAM. Long/short equity is by far the largest strategy, with more than twice the assets of its nearest competitor. The strategy manages $568 billion, compared to $245 billion for event-driven multi-strategy funds and $221 billion for global macro funds.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...