World’s prime 10 hedge fund managers earn $20.1 billion in 2020

by akoloy

NEW YORK (Reuters) – Millennium Management’s Israel Englander earned $3.8 billion final yr, touchdown him the largest payday of any hedge fund supervisor in 2020, confirmed knowledge from Institutional Investor.

Englander greater than doubled his $1.5 billion payday in 2019 and made $2 billion greater than the earlier yr’s wealthy record leaders Chris Hohn and Jim Simons, whereas making positive factors of 26% for his traders.

The prime 10 hedge fund managers globally earned $20.1 billion in 2020, a 50.2% rise from $13.4 billion in 2019, towards the backdrop of unstable markets amid the coronavirus pandemic.

Hedge funds made positive factors of 11.7% on common in 2020 amid an enormous sell-off in March and enormous financial shutdowns following the emergence of the novel coronavirus, in response to knowledge from Hedge Fund Research.

But prime 10 averaged returns of 43% in 2020, with Coatue Management making 65%, Renaissance Technologies racking up 76% and Tiger Global Management 48%, the information from Institutional Investor confirmed.

All of the highest 10 hedge fund managers revamped $1 billion in 2020, in contrast with eight in 2019.

Renaissance Technologies’ James Simon earned $2.6 billion final yr whereas Tiger Global Management’s Chase Coleman made $2.5 billion and Citadel’s Ken Griffin landed $1.8 billion.

Pershing Square’s Bill Ackman made up the final spot on the highest 10, with a $1.4 billion pay cheque after not that includes on the record in 2019.

Reporting by Maiya Keidan; Editing by Steve Orlofsky

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