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Aug 15, 2016

Boston’s hedge fund industry has experienced robust growth the last several months and is on track for more. EisnerAmper has heard of at least a few managers who have received substantial inflows, including one of the city’s newest launches from last quarter who already has $100m in assets under management (AUM). Another manager who debuted in January is slated to surpass $500m by year-end. Finally, a 3-year-old firm just crossed $100m due to a significant allocation from a university endowment, along with continued interest to launch a UCITS version of its flagship long/short strategy.

The Bay State has also seen some high-profile fund launches this year. Among the most notable: Robert Roell from Citadel Investment Group’s Surveyor Capital formed Roell Capital, Miguel Fidalgo from Baupost Capital is spearheading Triarii Capital, and Harvard University endowment duo Satu Parikh and Marco Barrozo are unveiling HSQ Capital.

If this growth perseveres, Boston should be well-positioned to maintain its ranking as one of the top U.S. cities for hedge funds.

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Elana Margulies-Snyderman

Elana Margulies-Snyderman is an investment industry reporter and writer who develops articles, opinion pieces and original research designed to help illuminate the most challenging issues confronting fund managers and executives.

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