In this article, we will take a look at the 5 best cities for hedge fund managers. If you would like to read our analysis of the hedge fund industry, you can go directly to the 15 Best Cities for Hedge Fund Managers.
5. Chicago
Hedge Funds = 2.7%
Chicago makes it to the top 5 best cities for hedge fund managers. It is the third American city on the list, following Boston and New York. Chicago makes up 2.7% of the world’s hedge funds and almost 4.2% of hedge funds in America. Chicago is home to several prominent hedge fund firms, such as Citadel LLC, Balyasny Asset Management, and GCM Grosvenor. These firms employ a variety of investment strategies and are known for their performance and innovation in the market.
4. Hong Kong
Hedge Funds = 3.3%
Hong Kong is home to 3.3% of the world’s hedge funds. Hong Kong is known for its thriving financial services sector, particularly its strong hedge fund industry. Due to its strategic location and access to Chinese markets, many international hedge fund firms choose to establish their Asian headquarters in Hong Kong. The region is home to several large hedge fund managers, including Citadel LLC and Renaissance Technologies, which have offices in the city.
3. Boston
Hedge Funds = 3.3%
Boston makes up 3.3% of the world’s hedge funds and accounts for 5% of the hedge funds in the US. The city’s proximity to Wall Street and its strong academic institutions contribute to a talent pool for hedge fund professionals, making it one of the best cities for hedge fund managers.
2. London
Hedge Funds = 8.5%
London is home to 8.5% of the world’s hedge funds, a number only exceeded by New York. London is a leading financial center with a strong regulatory infrastructure for hedge funds. Man Group and Marshall Wace are among the popular hedge fund firms in London with a global reach. The city is at the second place on our list of the best cities for hedge fund managers.
1. New York
Hedge Funds = 23.7%
New York accounts for 23.7% of hedge funds in the world, becoming the city with the greatest number of hedge funds in the world. It is also singlehandedly accountable for 36.5% of hedge funds in America, giving it major control over the American hedge fund industry.
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