Lucy Nicholson | Reuters
Renaissance Technologies’s James Simons, Citadel’s Ken Griffin, Details72’s Steven Cohen and Appaloosa Management’s David Tepper had been between the largest hedge fund earners in 2019 with every man raking in over $1 billion, in accordance to Institutional Investor’s Prosperous Checklist.
No. 1 on the list was Christopher John of TCI Fund Management, who attained in $1.8 billion past calendar year, according to Institutional Trader.
Bridgewater Associates founder Ray Dalio and activist investor and Trian Companions manager Nelson Peltz also produced the Top rated 10 on the annual listing, which Institutional Trader revealed on Thursday. As a result of a banner year, the 25 optimum-earning hedge fund professionals manufactured a mixed $20.2 billion in 2019, the most since 2013.
To be guaranteed, the eye-popping incomes for these people today arrived ahead of traders experienced to deal with the unfold of the novel coronavirus and its effects on the worldwide economic system. Many of these substantial-profile hedge cash ended up caught flat-footed by this strange “Black Swan.”
Marketplaces have swooned considering the fact that the finish of previous calendar year, with the illness threatening to suggestion the U.S. into a economic downturn as federal and state governments try out to sluggish COVID-19’s unfold by way of company closures and self-quarantine actions.
Equally the Dow Jones Industrial Typical and the S&P 500 are down extra than 26% since notching all-time highs as lately as February. It really is most likely that a sizeable portion of the managers’ 2019 revenue was erased all over the current market collapse.
For example, Bridgewater’s Dalio instructed CNBC final 7 days that his hedge fund was down 10% to 20%.
In this article are a number of of the professionals who built Institutional Investor’s record and what they attained in 2019:
- Christopher John, TCI Fund Management — $1.8 billion
- James Simons, Renaissance Technologies — $1.8 billion
- Ken Griffin, Citadel — $1.5 billion
- Israel Englander, Millennium Management — $1.5 billion
- Chase Coleman, Tiger International Management — $1.4 billion
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