NYC's Top Hedge Funds Have 25 PCT Less in AUM than 2007

Although the city's hedge fund industry has bounced back from the depths of the global financial crisis, HedgeTracker reports they're managing far less money than they were five years ago.

Although New York City's hedge fund industry has bounced back from the global financial crisis, it's managing significantly less money than it was five years ago, according HedgeTracker, which tracks the institutional investor databases of its parent firm CRD Capital.

Citing a recent study, HedgeTracker said the top 100 New York area hedge funds now have $436 billion under management, down 25 percent from the $583 billion managed by the industry during the first quarter of 2007.

The publication added that New York's top 100 hedge fund list was severely weakened by the closure of a number of high-profile hedge funds in the last five years, including Vikram Pandit's Old Lane Management, Art Samburg's Pequot Capital Management, and David Ganek's Level Global Investors.