Top 40 Largest Hedge Funds in New York 2017

Top 40 Largest Hedge Funds in New York, 2017

Below is a list of the largest NYC hedge funds ranked by assets under management for 2017:

	Fund Name	City	AUM ($ million)	Strategy
1	Millennium Management	New York	207626	Multi Strategy
2	Goldman Sachs Asset Management	New York	106240
3	DE Shaw	New York	81317	Absolute Return
4	Fortress Investment Group	New York	56936	Private Equity
5	Elliott Management	New York	56006	Global Equity
6	Element Capital Management	New York	55883	Global Macro
7	Moore Capital Management	New York	53824	Global Macro
8	Och-Ziff Capital Management	New York	51744	Global Macro
9	Two Sigma Investments	New York	49269	Commodities
10	Cerberus Capital Management	New York	47973	Aerospace/Defense
11	Angelo Gordon & Co.	New York	38253	Real Estate
12	BlackRock Alternative Advisors	New York	33250	Global Macro
13	Davidson Kempner	New York	31023	Global Equity
14	GoldenTree Asset Management	New York	27384	Private Equity
15	Anchorage Capital Group	New York	27176	Credit
16	Centerbridge Partners LP	New York	26049	Multi Strategy
17	PointState Capital	New York	24763	Energy
18	Tiger Global Management LLC	New York	23596
19	Hutchin Hill Capital	New York	22809	Event Driven
20	Bluemountain Capital Management	New York	22788	Global Macro
21	King Street Capital Management	New York	21219	Global Macro
22	Select Equity	New York	20511	Equity
23	York Capital Management	New York	19975	Event Driven
24	Brigade Capital Management	New York	19731	Managed Futures
25	Third Point LLC	New York	19412	Event Driven
26	MKP Capital Management	New York	18705	Multi Strategy
27	Glenview Capital Management	New York	16320	Multi Strategy
28	Tilden Park Capital Management	New York	16058	Multi Strategy
29	Neuberger Berman	New York	15900	Fund of Funds
30	Marathon Asset Management	New York	15248	Credit

Data as of June 1, 2017

View the full list of the top 40 New York hedge funds 2017


The three largest NYC hedge funds are Millennium Management, Goldman Sachs Asset Management, DE Shaw, and Fortress Investment Group.

The top 30 biggest hedge funds in New York for 2017 have $1.22 trillion in assets under management.

The eight top hedge funds in New York with more than $50 billion in assets under management.


 

Hedge Fund D.E. Shaw to buy Distressed Hedge Fund Assets

DE Shaw, one of the largest hedge funds in the world ($28 Billion AUM), announced today that it is setting up a team to examine buy distressed assets from other hedge funds. The fund will be called DE Shaw Portfolio Acquisitions Unit.

D.E. Shaw, The Financial Times said, is particularly interested in snapping up distressed assets that other hedge funds have “side-pocketed,” or split from their healthy assets, in order to keep them from affecting returns.

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DE Shaw Founder

DE Shaw Group to Lighten Redemption Restrictions

D.E. Shaw & Co., the $29 billion investment firm founded by David Shaw, will permit investors to withdraw more money from its two biggest funds than previously permitted, according to Bloomberg.

DE Shaw recently limited quarterly redemptions in November to 8.3 percent of investor assets after a surge in withdrawal requests. The NYC-based firm is now offering clients the one-time option to pull 16 percent of their assets from two of its funds, its Oculus and Composite funds, next month. Those who accept won’t be able to make additional withdrawals this year.

Obama Adviser Received $5 Million from Hedge Funds in 2008

Obama Adviser Has Close Ties To Giant Hedge Fund
According to White House records released on Friday, Obama's top economic adviser, Lawrence Summers, received more than $5 million from a single hedge fund last year. The hedge fund making the payments was D.E. Shaw, one of the world's largest hedge funds. It should be noted that these payments come because Summers was recently a managing director at the firm.

Summers who is Chairman of the Council of Economic Advisers also received money from other financial institutions for speaking engagements including 67,500 from JP Morgan, $45,000 from Citigroup, $135,000 from Goldman Sachs and $67,500 from Lehman Brothers, all of whom run hedge funds of their own.

Summers is an integral part of Obama's economic team which is attempting to place additional regulations on hedge funds. It will be interesting to see how Summers' hedge fund background influences the administrations tactics and approach to regulating hedge funds.