Wednesday, 1 April 2015
Last updated 5 hours ago
Apr 23 2009 | 10:56am ET
The Big Apple remains the undisputed capital of the hedge fund world, according to the latest ranking of the world’s largest hedge fund managers.
Almost six in 10 of the biggest hedge fund firms reside in New York or its suburbs, according to Alpha magazine’s annual ranking. Forty-four of the top 100 firms are based in the city itself, including six of the top 10 and 13 of the top 25.
The city’s suburbs boast another 13 of the 100 largest hedge fund managers. Ten are based in Connecticut, including the world’s biggest, Bridgewater Associates, with one each in Long Island, New Jersey and Westchester County, N.Y.
London is the world’s second-biggest center for the biggest hedge funds, with 18 of the top 100, including two of the top 10. The British capital is also the only non-U.S. city with more than one of the top 100; Paris, Tokyo, Stockholm, Sweden, Hamilton, Bermuda, and São Paulo, Brazil.
Outside of the Greater New York area, Boston is the biggest big hedge fund center in the U.S., with seven entries on the list. Chicago, Dallas, San Francisco and the Minneapolis area each boast two.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…