Hedge Funds: London is catching up, but still trails New York

Neil Wilson, editorial director at HedgeFund Intelligence explains why the Big Apple still holds some aces.

In association with Hedge Fund Intelligence
The Global Billion Dollar Club
Where the managers are located
City Number of $bln firms Jan 2007 Assets $bln
New York 123 649.78
London 72 261.00
Greenwich, CT 20 102.97
Boston 13 66.96
San Francisco 12 63.25
Dallas / Fort Worth 8 29.70
Los Angeles 8 16.98
Stamford, CT 6 25.30
Paris 6 20.97
Sydney 5 21.22
Tokyo 5 10.42
Hong Kong 5 9.53
Bermuda 4 12.41
Westport, CT 3 38.80
Boca Raton, FL 3 7.24
Stockholm 3 7.12
Houston 3 6.00
Minnetonka, MN 2 12.10
Atlanta 2 4.86
Milwaukee, WI 2 4.64
Harrison, NJ 2 4.59
Moscow 2 4.30
Oslo 2 3.62
Other 48 180.05
* Firms with multiple headquarters counted once for each centre but with assets evenly split
Source: Absolute Return, EuroHedge, AsiaHedge and South AfricaHedge databases and surveys

A steady stream of stories in recent weeks indicates that London looks to be mounting an ever-stronger challenge to New York’s traditionally dominant position as the leading centre of global hedge funds.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access