New York remains by some distance the most popular location for major hedge fund firms, with 123 of the Global Billion Dollar Club headquartered there - over 35% of those firms, and representing 41.5% of the assets (almost $650 billion).

London is the second most popular location for the bigger hedge funds, with 72 of the Billion Dollar firms located there - 20.5% of those funds, and accounting for 16.7% of the assets ($261 billion).

The U.S. state of Connecticut has emerged as the third most popular centre for hedge funds globally, with about 30 Club members based in towns such as Greenwich, Stamford and Westport - with combined assets of almost $170 billion, about 10.5% of the total.