Best Hedge Fund Managers

Best Hedge Fund Managers – The 25 members of The 400 made a fortune in hedge funds worth $185 billion, up $2.8 billion from last year. As a group, that’s saying something, given that hedge funds fell in the first half of 2020, losing a record 7.9% on average, according to Hedge Fund Research.

The number of hedge funds in The 400 remained at 25 this year, but Henry Laufer of Renaissance Technologies left the list and Pershing Square Capital Management founder and CEO William Ackman returned to the list after a four-year absence. Of those on the 2019 list, 11 got richer, 7 dropped, and 6 stayed the same. However, their performance pales in comparison to other billionaire tech executives from a year ago, such as Jeff Bezos, whose wealth rose 57% from the top 400 in 2019.

Best Hedge Fund Managers

The top earner in this group is also the youngest hedge fund manager in The 400. Chase Coleman, founder of New York-based Tiger Global Management, has a net worth of $6.9 billion.

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It is estimated to be 2.4 billion dollars more than last year. His company’s stock portfolio rose more than 36% in the first half of this year, largely due to multibillion-dollar bets on firms that have thrived during the pandemic, such as online retailers JD.com, Amazon and Alibaba, as well as technology companies. Microsoft and Facebook. Tiger Global ended 2019 with approximately $40 billion in assets under management.

The richest hedge fund manager on the list is Jim Simons, a former mathematics professor and founder of the high-tech investment firm Renaissance Technologies. Simons, 82, retired a decade ago but remains chairman of Renaissance with his son, Nathaniel. His net worth increased by nearly $1.5 billion from last year to $23.5 billion. Renaissance Technologies currently manages approximately $80 billion.

Some fund managers have struggled. Shares of Ray Dalio’s famous Bridgewater Associates fell 18% in the first four months of 2020; its core funds are down 14% through June, despite broad market gains. When markets crashed in March, Dalio wrote on LinkedIn: “Recently, I made the painful mistake of not having a well-thought-out plan for the pandemic… The impact of the coronavirus on health, the economy and the market. It’s going to be a lot bigger than what most people are passing on now.” From $16.9 billion, Dalio is down $1.8 billion from last year.

Examined hedge fund returns, and the funding and ownership structure of a variety of money management companies, evaluating returns and capital growth. We also considered other assets of hedge fund managers, such as private jets, yachts and art collections.

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Here are the 25 richest hedge fund managers in America. Total price as of 24 July 2020:

The world’s richest hedge fund manager founded Renaissance Technologies on Long Island in 1982. The publicly traded company, called RenTech for short, manages about $80 billion and reportedly had one of its worst months in a decade in February, when shares fell 7%. Its public finances are struggling to recover, but RenTech Medallion’s “black box” strategy, open only to company employees and select relatives, still yields great returns; has an annual return of 66% over a 30-year period. Simmons, a former US codebreaker during the Vietnam War who has retired but continues to invest in RenTech, was worth $1.5 billion as of last year.

In April this year, the assets of his Bridgewater Associates fell to $138 billion, which is less than 30 billion compared to the end of 2019. Panic struck again; The world’s largest hedge fund fired dozens of employees in July, days before its former chief executive filed a lawsuit alleging Bridgewater withheld up to $100 million in compensation for going public over a sex-discrimination dispute with a successor firm. Traveling in April. Bridgewater says it is working to fix the problem.

Griffin runs Chicago-based Citadel, a hedge fund firm he founded in 1990 that now has $34 billion in assets under management. The multi-strategy fund returned 13.4% in the first half of 2020 after adding 19.4% last year. At the end of 2019, Griffin’s Citadel was the third most profitable fund, behind Dalio’s Bridgewater family office and George Soros, according to research by LCH Investments, which invests in other hedge funds. Buoyed by the recent stock market turmoil, Griffin’s market-making firm Citadel Securities has grown in popularity and profitability, accounting for nearly 40% of all U.S. retail trading. this year; in March, it opened a temporary retail location at the Four Seasons Palm Beach Hotel in response to the coronavirus pandemic.

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Cohen runs hedge fund firm Point72 Asset Management, which reopened to foreign investors in 2018 after being banned for two years over insider trading allegations against Cohen’s former firm. Point72 ended the first half of 2020 on a high note, reaching $17 billion in assets. The firm stopped accepting new funding in July after raising $10 billion, but Cohen was cautious. “Markets do not return in a straight line; there are earthquakes after earthquakes, he said in a March report to staff. – We need to continue to be disciplined… I don’t want to do wrong actions. risks”. Meanwhile, Cohen is betting heavily on the New York Mets. He is currently a limited partner in the team, but is reportedly looking to buy the entire club for more than $2 billion.

Icahn’s investment fund earned $1.3 billion in the second quarter due to a shortage in real estate, an industry hit hard by the pandemic. But shares of his New York-based company, Icahn Enterprises, a conglomerate with interests in everything from casinos and metals to real estate and food packaging, have fallen more than 20% since January.

Tepper is arguably the best hedge fund manager of his generation, with a 25% annual return over the first 25 years of his fund, and has been returning money to clients in recent years. His Appaloosa management now manages about $13 billion, down from a peak of $20 billion. In February, Tepper sold his 5% stake in the Pittsburgh Steelers for an undisclosed amount. His luck reached an all-time high.

A famous hedge fund tycoon who managed clients’ money from 1969 to 2011, Soros sold the British pound in 1992 for a profit of $1 billion, known as the man who broke the Bank of England. He has given at least $18 billion of his fortune to his Open Society Foundations, a network that funds political organizations and provides grants for social justice. Soros, who has not managed money since 2011, has a family office fund that invests in stocks, private equity, commodities and bonds.

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The son of Polish immigrants, Englander founded Millennium Management in 1989 with $35 million from friends and family. The hedge fund currently manages more than $45 billion. Englander’s fund, which returned 9.2% last year and is up nearly 10% in the first half of 2020, uses an internal multi-manager platform, which gives extra money to high performers and unloads on underperforming traders.

The youngest hedge fund manager in The 400 – at 45 – had a great year at Tiger Global Management, the investment company he founded in 2000 with $25 million from his former boss, billionaire hedge legend Julian Robertson. Tiger Global ended last year with about $40 billion in cash under management, and is up 24% this year through July, thanks to its technology portfolio and first-quarter investments in software firms and key home-based products such as Zoom Video Technologies , Datadog. , Department of Labor Day and Sales.

10. John Overdeck 400 RINGS: #95 WEALTH: $6.5 billion 2019 WEALTH: $6.1 billion 10. David Siegel 400 RINGS: #95 WEALTH: $6.5 billion 2019: $6.1 billion

In 2001, Overdeck, a mathematician, and Siegel, a computer scientist, teamed up to form Two Sigma Investments, a quantum trading company. At the end of 2019, the privately held company managed assets of approximately $66 billion, up from $60 billion at the end of 2018. It also deals with the division of corporate finance and market making business.

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A former professor of computer science at Columbia University, Shaw founded the quantitative hedge fund D.E. Show in 1988. After the market crash this year, the firm opened its largest hedge fund with $1 billion in new capital in July, the first in seven years. THERE. The show holds more than $50 billion in revenue.

20. Daniel Och 400 RATING: #260 WEALTH: $3.2 billion 2019 RATING: $3.2 billion 21. Daniel Loeb 400 RATING: #295 WEALTH: $2.9 billion 2019: $2.8 billion

22. Steven Mendel 400 RATING: #299 WEALTH: $2.8 billion 2019: $2.8 billion 23. Leon G. Cooperman 400 RATING: #339 WEALTH: $2.5 billion 2019: $3.2 billion For the fifth time in seven years, the 83-year-old founder of Renaissance Technologies , a company that specializes in value analysis, leads the list of wealthy institutional investors, the last level of the most profitable hedge fund managers.

Simmons returned to the throne after earning $3.4 billion in 2021, ousting last year’s leader, Israel “Izzy” Englander. Founder of Millennium Management

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