First New York
First New York is a privately held, SEC-registered multi-strategy investment firm founded in 1986 that provides infrastructure and principal capital to a roster of 100+ portfolio managers executing strategies across global equities, derivatives, fixed income, currencies, commodities, and futures for institutional investors.
- Company typePrivate
- Founded1986
- HeadquartersNew York, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What First New York does
First New York is a privately held, SEC-registered multi-strategy investment firm that has operated continuously since 1986. Operating under the legal entity FNY Investment Advisers, LLC, the firm provides infrastructure, principal capital, and operational support to a roster of more than 100 partners, portfolio managers, and support staff who execute strategies across equities, derivatives, fixed income, currencies, commodities, and futures in global markets. The firm's stated value proposition centers on aligning capital with proven, profitable managers, offering flexible investment mandates, and integrating trading, risk, compliance, and back-office services so that portfolio managers can focus on strategy deployment. Primary customer segments are experienced portfolio managers seeking partnership infrastructure and institutional investors seeking uncorrelated performance with capital preservation.
The firm's core technology stack comprises advanced multi-asset trading platforms and real-time risk management systems, supplemented in November 2025 by the Derivitec Risk Portal for integrated risk reporting across multiple regions. Its distribution and go-to-market motion is enterprise-direct: the firm sources portfolio managers through professional networks, referrals, and direct outreach, and delivers investment advisory services via bilateral partnership arrangements rather than publicly marketed products. Pricing is custom-negotiated, performance-based, and not publicly disclosed, with engagement restricted to qualified investors in permitted jurisdictions.
First New York is headquartered in New York (1540 Broadway, Suite 1600) and maintains a European regional office in London (80 Coleman Street). The legal entity is domiciled in New York, USA, as an LLC, and the firm has no disclosed parent company, subsidiaries, or external institutional investors. Operating geographies span the Americas and EMEA, with management publicly including a CEO, CFO/COO, CRO, CTO, General Counsel/CCO, CSO, and Heads of Trading, Macro, and Domestic Equities. Revenue, AUM, and funding data are not disclosed in the available source material.
First New York firmographics
Firmographics- Name
- First New York
- Legal name
- FNY Investment Advisers, LLC
- Website
- https://firstny.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- First New York is a privately held, SEC-registered multi-strategy investment firm founded in 1986 that provides infrastructure and principal capital to a roster of 100+ portfolio managers executing strategies across global equities, derivatives, fixed income, currencies, commodities, and futures for institutional investors.
- Ownership category
- akta.pro rank
First New York industry classification
Industry- Product category
- Multi-Strategy Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Single-Strategy Hedge Fund of Funds (FSAHAKAB)
Keywords
Where First New York is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
First New York business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Others
Revenue model
- Investment Advisory Services: Registered investment adviser providing multi-strategy investment management services to clients. The firm allocates assets across products and sectors globally, supporting and investing in a broad range of strategies including equities, derivatives, fixed income, currencies, commodities and futures. Revenue is generated through management fees and performance-based compensation structures.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Custom investment advisory arrangements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
First New York product offering
Product offeringCore offering
First New York, through FNY Investment Advisers, LLC, is a multi-strategy investment firm that allocates capital across discretionary, quantitative, and event-driven strategies. The firm invests its own principal capital and serves portfolio managers and institutional investors using advanced trading platforms and real-time risk management systems. Its core business is multi-strategy investment management powered by proprietary trading and risk technology.
Product overview
First New York is a proprietary multi-strategy investment firm that operates as an investment management platform offering multi-asset allocation, principal capital acceleration for proven portfolio managers, technology infrastructure (including advanced trading platforms and real-time risk management), and asset management services. The firm identifies and partners with portfolio managers implementing strategies across equities, derivatives, fixed income, currencies, commodities, and futures in global markets. The investment services include multi-strategy/multi-asset allocation across global products and sectors, principal capital allocation to proven managers, infrastructure support including trading platforms and risk management, and uncorrelated performance seeking for client capital preservation.
Differentiator
Problem solved
Functional benefit
Products and services
- Multi-Strategy Investment Management Multi-strategy investment management service allocating capital across discretionary, quantitative, and event-driven strategies for institutional investors and portfolio managers.
- Multi-Asset Allocation Services Allocation of capital across multiple asset classes using proprietary trading infrastructure to deliver diversified risk-adjusted returns.
- Real-Time Risk Management Services Real-time portfolio risk oversight and reporting service leveraging the Derivitec Risk Portal to monitor exposures across multi-strategy portfolios.
- Principal Capital Allocation The firm invests its own balance-sheet capital alongside client allocations, aligning incentives and signaling conviction to investors.
Companies that use First New York
Customer profileSegments2 records
Ideal customer profiles2 records
First New York technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
First New York partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- DeriviteccoreDerivitec has won the mandate to service First New York's risk reporting requirements. Derivitec's Risk Portal provides real-time risk monitoring that integrates with First New York's existing technology, providing detailed analytics and alerts across multiple regions.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
First New York competitors and assessment
Company assessmentDirect peers
- Millennium Management: Global multi-strategy hedge fund operating a PM-platform model that allocates capital to portfolio managers across multiple asset classes — directly comparable to First New York's multi-manager, multi-strategy structure.
- Point72 Asset Management: Multi-strategy hedge fund built around recruiting proven portfolio managers and providing infrastructure and capital — closely mirrors First New York's PM-centric platform model and recruiting GTM motion.
- Balyasny Asset Management: Multi-strategy hedge fund running a multi-manager platform across equities, macro, credit, and commodities — directly comparable business model and asset class coverage to First New York.
- Schonfeld Strategic Advisors: Multi-manager hedge fund platform that hires portfolio managers and provides trading infrastructure and risk oversight — directly comparable multi-strategy PM-platform model of similar scale profile.
- Citadel: Global multi-strategy hedge fund trading equities, fixed income, commodities, and currencies across multiple regions — directly comparable multi-strategy multi-asset scope, although at materially larger scale.
- Bridgewater Associates: Largest global multi-strategy hedge fund trading currencies, fixed income, commodities, and equities — comparable multi-strategy multi-asset approach with global reach and similar institutional client focus.
- AQR Capital Management: Multi-strategy investment firm applying systematic strategies across global equities, fixed income, and alternatives — comparable in multi-strategy multi-asset scope and institutional client focus.
- Capula Investment Management: Multi-strategy hedge fund with global fixed income, macro, and equity strategies — directly comparable multi-strategy multi-asset platform of similar size profile to First New York.
- Eisler Capital: Multi-strategy global macro hedge fund trading equities, fixed income, currencies, and commodities — directly comparable multi-strategy approach with a London presence similar to FNY's UK office.
- ExodusPoint Capital Management: Multi-strategy hedge fund deploying capital across global macro, equities, fixed income, and commodities — directly comparable multi-strategy multi-asset investment platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
First New York financial estimates
Financial estimateRevenue estimate
Valuation estimate
First New York leadership team
Management profileNumber of profiles
First New York funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First New York M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First New York
What does First New York do?
First New York, through FNY Investment Advisers, LLC, is a multi-strategy investment firm that allocates capital across discretionary, quantitative, and event-driven strategies. The firm invests its own principal capital and serves portfolio managers and institutional investors using advanced trading platforms and real-time risk management systems. Its core business is multi-strategy investment management powered by proprietary trading and risk technology.
Is First New York a public or private company?
First New York is a private company. It is classified as management employee owned and is currently operating.
When was First New York founded?
First New York was founded in 1986. It employs 251 to 500 people.
Where is First New York based?
First New York is headquartered in New York, United States, in the North America region.
How does First New York make money?
One revenue line is on record: investment Advisory Services.
Who are First New York's main competitors?
Direct peers on record are Millennium Management, Point72 Asset Management, Balyasny Asset Management, Schonfeld Strategic Advisors, Citadel, Bridgewater Associates, AQR Capital Management, Capula Investment Management, Eisler Capital and ExodusPoint Capital Management.
Does First New York have an API?
No public API is recorded for First New York.
What industry is First New York in?
First New York's product category is Multi-Strategy Investment Management. Its primary akta.pro industry code is FSAHAKAB, Single-Strategy Hedge Fund of Funds. Its NAICS code is 523940 and its SIC code is 6282.