Ken Griffin

Lucy Nicholson | Reuters

Renaissance Technologies’s James Simons, Citadel’s Ken Griffin, Factors72’s Steven Cohen and Appaloosa Management’s David Tepper ended up among the the greatest hedge fund earners in 2019 with each male raking in about $1 billion, according to Institutional Investor’s Wealthy Checklist.

No. 1 on the checklist was Christopher John of TCI Fund Administration, who earned in $1.8 billion last 12 months, according to Institutional Investor.

Bridgewater Associates founder Ray Dalio and activist trader and Trian Associates manager Nelson Peltz also manufactured the Top rated 10 on the yearly checklist, which Institutional Investor revealed on Thursday. As a result of a banner yr, the 25 greatest-earning hedge fund managers created a combined $20.2 billion in 2019, the most considering the fact that 2013.

To be confident, the eye-popping incomes for these people came ahead of buyers had to offer with the spread of the novel coronavirus and its effect on the world wide economic climate. Several of these high-profile hedge cash have been caught flat-footed by this strange “Black Swan.”

Marketplaces have swooned because the stop of past year, with the sickness threatening to tip the U.S. into a economic downturn as federal and state governments check out to gradual COVID-19’s spread through company closures and self-quarantine steps.

Both the Dow Jones Industrial Typical and the S&P 500 are down additional than 26% considering the fact that notching all-time highs as not too long ago as February. It really is probable that a significant portion of the managers’ 2019 income was erased through the industry collapse.

For illustration, Bridgewater’s Dalio instructed CNBC past week that his hedge fund was down 10% to 20%.

In this article are a couple of of the professionals who built Institutional Investor’s list and what they attained in 2019:

  1. Christopher John, TCI Fund Management — $1.8 billion
  2. James Simons, Renaissance Technologies — $1.8 billion
  3. Ken Griffin, Citadel — $1.5 billion
  4. Israel Englander, Millennium Management — $1.5 billion
  5. Chase Coleman, Tiger World Management — $1.4 billion

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