Preqin has taken an in-depth look at the two largest centres for hedge fund activity – New York and London. New York is by far the largest city for hedge funds, with managers based there having total assets under management of $1,024bn. Aggregate AUM for London-based managers, at $395bn, is about a third of this size. Despite this, the largest individual fund manager based in the two cities is London’s Man Investments, with $50bn in hedge fund assets under management.
Philip Carret was an investor and founder of Pioneer Fund, one of the first mutual funds in the United States. Carret ran the mutual fund for 55 years, during which time an investment of $10,000 became $8 million. That suggests he achieved a compound annual return of nearly 13% for his investors. Q1 2021 hedge Read More
New York Hedge Funds
New York City is home to over a third of all the assets in the hedge fund industry today. We provide a comprehensive overview of the hedge fund industry in New York City, including New York City-based investors’ plans for the next 12 months, the number of hedge fund launches each year, fund terms and conditions, the largest hedge fund managers and performance.
London is the second largest centre for hedge funds globally, behind New York City. Here, we take a detailed look at the hedge fund industry in London, including London-based investors’ plans for the next 12 months, the number of hedge fund launches each year, fund terms and conditions, the largest hedge fund managers and performance.
See more charts and figures from Preqin below