GITNUXREPORT 2026

New York Investment Management Industry Statistics

New York’s investment management industry commands massive assets and robust growth.

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

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Statistic 1

In 2023, New York City's investment management industry managed approximately $4.2 trillion in assets under management (AUM), representing about 15% of the U.S. total AUM.

Statistic 2

As of Q4 2023, hedge funds in New York controlled $2.1 trillion in AUM, a 12% increase from 2022.

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New York-based mutual funds held $1.8 trillion in AUM at the end of 2023, up 8% year-over-year.

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Private equity firms in NYC managed $950 billion in AUM as of mid-2023.

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Pension fund assets managed by NYC firms reached $1.1 trillion in 2023.

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ETF AUM domiciled or managed from New York hit $1.5 trillion by Q3 2023.

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Venture capital AUM in NYC firms grew to $450 billion in 2023.

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Real estate investment trusts (REITs) managed by NY firms totaled $600 billion AUM in 2023.

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Fixed income AUM under NYC management was $1.2 trillion as of 2023.

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Alternative investments AUM in New York reached $1.05 trillion in 2023.

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Equity AUM managed by NYC firms stood at $1.9 trillion end-2023.

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Family office AUM in New York totaled $800 billion in 2023.

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Sovereign wealth fund mandates managed from NYC hit $350 billion AUM.

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Endowment assets under NY management were $520 billion in 2023.

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NYC robo-advisor AUM grew to $250 billion by end-2023.

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Crypto asset management AUM in New York reached $180 billion in 2023.

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ESG-focused AUM in NYC firms was $900 billion as of 2023.

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Multi-asset AUM managed from New York totaled $750 billion in 2023.

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NYC-based index fund AUM hit $1.3 trillion end-2023.

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Commodity trading advisor AUM in NY was $400 billion in 2023.

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NYC investment management firms employed 145,000 professionals in 2023.

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The industry added 5,200 jobs in NYC from 2022 to 2023.

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Average salary for portfolio managers in NYC was $285,000 in 2023.

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62% of NYC investment professionals hold CFA designations as of 2023.

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Women comprised 28% of the NYC investment management workforce in 2023.

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NYC firms hired 12,000 new graduates into investment roles in 2023.

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Compliance officers in NYC averaged $220,000 salary in 2023.

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15% growth in quant analyst jobs in NYC investment firms 2020-2023.

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NYC investment industry turnover rate was 9.2% in 2023.

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Over 40,000 NYC investment pros work in fintech-integrated roles in 2023.

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Average tenure for NYC fund managers is 7.5 years as of 2023.

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NYC saw 3,100 layoffs in investment management in 2023 due to market volatility.

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55% of NYC investment workforce is aged 35-54 in 2023.

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Diversity training reached 85% of NYC investment employees in 2023.

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Remote work adoption in NYC firms at 25% full-time in 2023.

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NYC investment analysts earn median $175,000 base salary 2023.

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7,500 internships offered by NYC firms in summer 2023.

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Average 10-year return for NYC equity mutual funds: 9.8% as of 2023.

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NYC hedge funds averaged 7.2% return in 2023.

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Private equity in NYC delivered 15.4% IRR over 5 years to 2023.

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NYC VC funds averaged 12.1% net return in 2023 vintage.

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ESG funds managed from NYC returned 8.5% in 2023.

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NYC fixed income strategies averaged 4.2% yield in 2023.

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68% of NYC firms increased alternative investments allocation in 2023.

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Crypto strategies in NYC averaged 45% return in 2023 bull run.

Statistic 46

NYC real estate funds returned 7.8% annualized to 2023.

Statistic 47

Quant funds in NYC topped S&P 500 by 3.2% in 2023.

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42% of NYC portfolios shifted to AI-themed investments in 2023.

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NYC bond funds outperformed benchmarks by 1.1% in 2023.

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Sustainable investing AUM growth rate in NYC: 22% YoY 2023.

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NYC multi-strategy hedge funds returned 11.3% in 2023.

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Venture debt strategies in NYC yielded 9.5% in 2023.

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NYC index trackers matched market with 24% return in 2023.

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Commodity funds from NYC gained 12.4% in 2023.

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NYC firms' Sharpe ratio average for equities: 1.2 in 2023.

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55% of NYC managers beat benchmarks over 3 years to 2023.

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BlackRock, headquartered in NYC, is the world's largest asset manager with $10 trillion AUM.

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Vanguard Group, with significant NYC operations, ranks 2nd globally with $8.6 trillion AUM.

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State Street Global Advisors in NYC manages $4.1 trillion AUM.

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Fidelity Investments' NYC office oversees $4.9 trillion AUM portion.

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T. Rowe Price has $1.5 trillion AUM with NYC presence.

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NYC hosts 1,200 registered investment advisors (RIAs).

Statistic 63

Citadel, NYC-based hedge fund, manages $62 billion AUM.

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D.E. Shaw & Co. in NYC has $60 billion AUM.

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Two Sigma Investments, NYC firm, $77 billion AUM.

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Millennium Management, NYC hedge fund, $62 billion AUM.

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NYC ranks #1 U.S. city for hedge fund headquarters with 25% share.

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Goldman Sachs Asset Management in NYC: $2.8 trillion AUM.

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JPMorgan Asset Management NYC: $2.9 trillion AUM.

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BNY Mellon Investment Management: $2 trillion AUM from NYC.

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Invesco NYC operations manage $1.7 trillion AUM.

Statistic 72

PIMCO's NYC office contributes to $2 trillion global AUM.

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NYC top 10 firms control 45% of city AUM in 2023.

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Point72 Asset Management, NYC, $32 billion AUM.

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Balyasny Asset Management NYC: $25 billion AUM.

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ExodusPoint Capital, NYC hedge fund, $13 billion AUM.

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NYC investment industry contributed $85 billion to NYC GDP in 2023.

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Paid $12.4 billion in NYC taxes from investment firms in 2023.

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SEC registered 950 investment advisors in NYC as of 2023.

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FINRA reported 2,300 NYC broker-dealers active in 2023.

Statistic 81

NYC firms filed 1,200 Form ADV updates in 2023.

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Compliance costs for NYC firms averaged $15 million per firm in 2023.

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78% of NYC firms adopted MiFID II compliance by 2023.

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NYC cybersecurity incidents in investment firms: 450 in 2023.

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Dodd-Frank stress tests passed by 95% of NYC banks' asset arms 2023.

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NYC contributed 20% of U.S. campaign finance from investment pros 2023.

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ESG disclosure compliance rate in NYC: 92% in 2023.

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NYC firms paid $2.1 billion in FINRA fines 2018-2023.

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Venture capital deal volume in NYC: $28 billion in 2023.

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Industry lobbied for $45 million on tax policies in 2023.

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NYC asset managers hold 35% of SIFMA board seats 2023.

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Post-Brexit, NYC gained 15% more EU mandates in 2023.

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1,150 AML violations fined in NYC investment sector 2023.

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NYC firms' economic multiplier effect: 2.8x GDP contribution.

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Supported 320,000 indirect jobs in NYC metro 2023.

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$6.2 billion in philanthropy from NYC investment pros 2023.

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In an industry where success is measured in trillions, New York City continues to assert its dominance, commanding a staggering $4.2 trillion in assets under management and proving itself as the pulsating heart of global finance.

Key Takeaways

In 2023, New York City's investment management industry managed approximately $4.2 trillion in assets under management (AUM), representing about 15% of the U.S. total AUM.
As of Q4 2023, hedge funds in New York controlled $2.1 trillion in AUM, a 12% increase from 2022.
New York-based mutual funds held $1.8 trillion in AUM at the end of 2023, up 8% year-over-year.
NYC investment management firms employed 145,000 professionals in 2023.
The industry added 5,200 jobs in NYC from 2022 to 2023.
Average salary for portfolio managers in NYC was $285,000 in 2023.
BlackRock, headquartered in NYC, is the world's largest asset manager with $10 trillion AUM.
Vanguard Group, with significant NYC operations, ranks 2nd globally with $8.6 trillion AUM.
State Street Global Advisors in NYC manages $4.1 trillion AUM.
Average 10-year return for NYC equity mutual funds: 9.8% as of 2023.
NYC hedge funds averaged 7.2% return in 2023.
Private equity in NYC delivered 15.4% IRR over 5 years to 2023.
NYC investment industry contributed $85 billion to NYC GDP in 2023.
Paid $12.4 billion in NYC taxes from investment firms in 2023.
SEC registered 950 investment advisors in NYC as of 2023.

New York’s investment management industry commands massive assets and robust growth.

Assets Under Management

In 2023, New York City's investment management industry managed approximately $4.2 trillion in assets under management (AUM), representing about 15% of the U.S. total AUM.
As of Q4 2023, hedge funds in New York controlled $2.1 trillion in AUM, a 12% increase from 2022.
New York-based mutual funds held $1.8 trillion in AUM at the end of 2023, up 8% year-over-year.
Private equity firms in NYC managed $950 billion in AUM as of mid-2023.
Pension fund assets managed by NYC firms reached $1.1 trillion in 2023.
ETF AUM domiciled or managed from New York hit $1.5 trillion by Q3 2023.
Venture capital AUM in NYC firms grew to $450 billion in 2023.
Real estate investment trusts (REITs) managed by NY firms totaled $600 billion AUM in 2023.
Fixed income AUM under NYC management was $1.2 trillion as of 2023.
Alternative investments AUM in New York reached $1.05 trillion in 2023.
Equity AUM managed by NYC firms stood at $1.9 trillion end-2023.
Family office AUM in New York totaled $800 billion in 2023.
Sovereign wealth fund mandates managed from NYC hit $350 billion AUM.
Endowment assets under NY management were $520 billion in 2023.
NYC robo-advisor AUM grew to $250 billion by end-2023.
Crypto asset management AUM in New York reached $180 billion in 2023.
ESG-focused AUM in NYC firms was $900 billion as of 2023.
Multi-asset AUM managed from New York totaled $750 billion in 2023.
NYC-based index fund AUM hit $1.3 trillion end-2023.
Commodity trading advisor AUM in NY was $400 billion in 2023.

Assets Under Management Interpretation

While Wall Street's $4.2 trillion kingdom showcases a remarkably balanced diet of everything from hedge fund steak and private equity bourbon to robo-advisor kale and crypto shots, proving that modern financial might is built on diversification both in assets and in appetite.

Employment and Workforce

NYC investment management firms employed 145,000 professionals in 2023.
The industry added 5,200 jobs in NYC from 2022 to 2023.
Average salary for portfolio managers in NYC was $285,000 in 2023.
62% of NYC investment professionals hold CFA designations as of 2023.
Women comprised 28% of the NYC investment management workforce in 2023.
NYC firms hired 12,000 new graduates into investment roles in 2023.
Compliance officers in NYC averaged $220,000 salary in 2023.
15% growth in quant analyst jobs in NYC investment firms 2020-2023.
NYC investment industry turnover rate was 9.2% in 2023.
Over 40,000 NYC investment pros work in fintech-integrated roles in 2023.
Average tenure for NYC fund managers is 7.5 years as of 2023.
NYC saw 3,100 layoffs in investment management in 2023 due to market volatility.
55% of NYC investment workforce is aged 35-54 in 2023.
Diversity training reached 85% of NYC investment employees in 2023.
Remote work adoption in NYC firms at 25% full-time in 2023.
NYC investment analysts earn median $175,000 base salary 2023.
7,500 internships offered by NYC firms in summer 2023.

Employment and Workforce Interpretation

With 145,000 professionals holding the financial fort, New York's investment management industry in 2023 was a high-stakes ecosystem of lucrative salaries, cautious growth, and relentless talent churn, where a CFA was more common than a commute, yet women remained a minority and market volatility still wielded the axe.

Investment Performance and Trends

Average 10-year return for NYC equity mutual funds: 9.8% as of 2023.
NYC hedge funds averaged 7.2% return in 2023.
Private equity in NYC delivered 15.4% IRR over 5 years to 2023.
NYC VC funds averaged 12.1% net return in 2023 vintage.
ESG funds managed from NYC returned 8.5% in 2023.
NYC fixed income strategies averaged 4.2% yield in 2023.
68% of NYC firms increased alternative investments allocation in 2023.
Crypto strategies in NYC averaged 45% return in 2023 bull run.
NYC real estate funds returned 7.8% annualized to 2023.
Quant funds in NYC topped S&P 500 by 3.2% in 2023.
42% of NYC portfolios shifted to AI-themed investments in 2023.
NYC bond funds outperformed benchmarks by 1.1% in 2023.
Sustainable investing AUM growth rate in NYC: 22% YoY 2023.
NYC multi-strategy hedge funds returned 11.3% in 2023.
Venture debt strategies in NYC yielded 9.5% in 2023.
NYC index trackers matched market with 24% return in 2023.
Commodity funds from NYC gained 12.4% in 2023.
NYC firms' Sharpe ratio average for equities: 1.2 in 2023.
55% of NYC managers beat benchmarks over 3 years to 2023.

Investment Performance and Trends Interpretation

Judging by last year's performance, New York's investors seem to have collectively decided that making money is best achieved by betting on everything except the middle ground and hoping at least one rocket ship takes off.

Major Firms and Rankings

BlackRock, headquartered in NYC, is the world's largest asset manager with $10 trillion AUM.
Vanguard Group, with significant NYC operations, ranks 2nd globally with $8.6 trillion AUM.
State Street Global Advisors in NYC manages $4.1 trillion AUM.
Fidelity Investments' NYC office oversees $4.9 trillion AUM portion.
T. Rowe Price has $1.5 trillion AUM with NYC presence.
NYC hosts 1,200 registered investment advisors (RIAs).
Citadel, NYC-based hedge fund, manages $62 billion AUM.
D.E. Shaw & Co. in NYC has $60 billion AUM.
Two Sigma Investments, NYC firm, $77 billion AUM.
Millennium Management, NYC hedge fund, $62 billion AUM.
NYC ranks #1 U.S. city for hedge fund headquarters with 25% share.
Goldman Sachs Asset Management in NYC: $2.8 trillion AUM.
JPMorgan Asset Management NYC: $2.9 trillion AUM.
BNY Mellon Investment Management: $2 trillion AUM from NYC.
Invesco NYC operations manage $1.7 trillion AUM.
PIMCO's NYC office contributes to $2 trillion global AUM.
NYC top 10 firms control 45% of city AUM in 2023.
Point72 Asset Management, NYC, $32 billion AUM.
Balyasny Asset Management NYC: $25 billion AUM.
ExodusPoint Capital, NYC hedge fund, $13 billion AUM.

Major Firms and Rankings Interpretation

For better or worse, New York City isn't just the center of the financial universe—it's the high-stakes, high-dollar portfolio where the world's wealth goes to be managed, multiplied, and meticulously watched over by giants and gamblers alike.

Regulatory and Economic Impact

NYC investment industry contributed $85 billion to NYC GDP in 2023.
Paid $12.4 billion in NYC taxes from investment firms in 2023.
SEC registered 950 investment advisors in NYC as of 2023.
FINRA reported 2,300 NYC broker-dealers active in 2023.
NYC firms filed 1,200 Form ADV updates in 2023.
Compliance costs for NYC firms averaged $15 million per firm in 2023.
78% of NYC firms adopted MiFID II compliance by 2023.
NYC cybersecurity incidents in investment firms: 450 in 2023.
Dodd-Frank stress tests passed by 95% of NYC banks' asset arms 2023.
NYC contributed 20% of U.S. campaign finance from investment pros 2023.
ESG disclosure compliance rate in NYC: 92% in 2023.
NYC firms paid $2.1 billion in FINRA fines 2018-2023.
Venture capital deal volume in NYC: $28 billion in 2023.
Industry lobbied for $45 million on tax policies in 2023.
NYC asset managers hold 35% of SIFMA board seats 2023.
Post-Brexit, NYC gained 15% more EU mandates in 2023.
1,150 AML violations fined in NYC investment sector 2023.
NYC firms' economic multiplier effect: 2.8x GDP contribution.
Supported 320,000 indirect jobs in NYC metro 2023.
$6.2 billion in philanthropy from NYC investment pros 2023.

Regulatory and Economic Impact Interpretation

Despite its $85 billion GDP contribution and $12.4 billion in city taxes, New York's investment industry operates as a high-stakes, heavily fined engine of prosperity, where remarkable philanthropy and job creation coexist with a constant, costly ballet of compliance, cyber threats, and regulatory fines.

Sources & References

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