A world power in money hubs rests 90 minutes by train from New York

Global Business

New York City boasts the biggest number of hedge funds in the U.S. And you’d think that the second largest hedge fund community would be in a similar sized city, like a Chicago or an L.A., but you’d be wrong.

CCTV America’s Karina Huber reports from Greenwich, Connecticut. A town with 65,000 people and 300 hedge funds.

A world power in money hubs rests 90 minutes by train from New York

New York City boasts the biggest number of hedge funds in the U.S. And you'd think that the second largest hedge fund community would be in a similar sized city, like a Chicago or an L.A., but you'd be wrong.CCTV America's Karina Huber reports from Greenwich, Connecticut. A town with 65,000 people and 300 hedge funds.Greenwich, Connecticut is a 90 minute train ride from New York City, and has a population of less than 65,000 people. It is home to America's second largest hedge fund community with roughly 300 hedge funds based there. Connecticut has around 350 billion dollars in assets under management, and much of it in Greenwich. This small town evolved into one of the world's most powerful money hubs.

Greenwich, Connecticut is a 90 minute train ride from New York City, and has a population of less than 65,000 people. It is home to America’s second largest hedge fund community with roughly 300 hedge funds based there. Connecticut has around 350 billion dollars in assets under management, and much of it in Greenwich. This small town evolved into one of the world’s most powerful money hubs.