2026 Q1 Fund Database Refresh Findings

Methodology: additions and shutdowns are based on whether a fund appears as a Form ADV Part 2 filer (>$100M of regulatory AUM), compared to March 2025's data.

2026.3.8

New York City

• -6 shutdowns (all hedge funds): 2 activist, 1 growth, 1 value, 1 healthcare, 1 market-neutral
• +18 additions (all hedge funds): I added "- 2026 ADDITION" suffix to the new funds. 4 growth, 2 value (one traditional value, one short-selling), 1 activist, 3 event-driven, 4 healthcare, 2 market-neutral, and finally 2 Tiger-lineage funds — both widely publicized

Connecticut / New Jersey

• -3 shutdowns (all hedge funds): 1 market-neutral (Jack Woodruff's Candlestick Capital), 1 value, 1 contrarian / agnostic
• +5 additions (all hedge funds): 1 healthcare, 2 low-net/market-neutral, 2 Tiger-lineage

2026.3.15

California (NorCal and SoCal)

• -5 shut downs: 1 event-driven HF (it's Indaba Capital, which has Farallon lineage, it's publicly reported so I am disclosing), 1 healthcare HF, 1 market-neutral HF, 1 value LO, 1 wide-moat/GARP family office
• +8 additions (7 HFs in Northern CA, 1 LO in Southern CA): 2 healthcare, 2 growth, 1 market-neutral/low-net, 1 Tiger lineage, 1 value, 1 value LO

Chicago

• -2 shutdown: 1 LO shutdown, 1 LO removal because it only manages $12 million
• +2 additions: 1 micro-cap value LO, 1 frontier market equity HF

Florida

• -1 shutdown: 1 value HF
• +4 additions (all HFs): 2 healthcare, 1 event-driven, 1 growth

Boston

• -1 shutdown: 1 contrarian HF with TMT/consumer focus
• +5 additions: 3 Tiger lineage HF, 1 healthcare HF, 1 diversified LO

2026.3.22

Texas

• -1 shutdown: 1 growth LO
• +2 additions: 2 value HFs (1 energy related)

Mid-Atlantic

• -2 shutdown: 1 growth HF, 1 value LO
• +6 additions: 2 value HF (1 low-net/market-neutral), 1 growth HF; 3 value LOs

West & Puerto Rico

• -1 shutdown: 1 market-neutral HF
• +3 additions: 1 value LO, 1 growth HF, 1 contrarian HF