Hedge funds are investment partnerships that have a limited number of investors and operate with the goal of generating high returns on their investments. New York City is the global hub for hedge funds, with over 11,000 hedge funds managing over $3 trillion in assets under management. Some of the largest and most prestigious hedge funds in the world are located in New York City, including Bridgewater Associates, Renaissance Technologies, and Point72 Asset Management. These funds employ some of the most talented and well-educated financial professionals in the world and are known for their sophisticated investment strategies. However, hedge funds are often controversial, as they are perceived by some as being secretive and opaque with their investment strategies and financial results.
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