A review of regulatory filings from major multimanagers indicates that New York remains the premier location for investment talent, housing over 75% of professionals from leading hedge funds like Citadel and Balyasny. Even as some firms attempt to establish themselves in lower-tax states such as Florida, data shows that they still have a majority of their investment teams based in New York. This suggests that the city's significance in the finance sector remains unshaken amid increasing interest in alternative locations.
"Despite some firms relocating to low-tax locations like Miami, New York remains the dominant hub for investment talent, with over 75% of professionals based there."
"Even firms not headquartered in New York, such as Citadel and Point72, employ more investment professionals in New York than in their own locations."
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