World’s top 10 hedge fund managers earn US$20.1-bilion in 2020 Maiya Keidan Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Phil McCarten/Reuters
Millennium Management’s Israel Englander earned $3.8 billion last year, landing him the biggest payday of any hedge fund manager in 2020, showed data from Institutional Investor.
Englander more than doubled his $1.5 billion payday in 2019 and made $2 billion more than the previous year’s rich list leaders Chris Hohn and Jim Simons, while making gains of 26% for his investors.
These managers made bank
Today, Institutional Investor unveiled the 20th edition of its Rich List, one of the most watched rankings of hedge fund managers’ performance. Every year, financial tycoons pore over the magazine’s estimates of whose fortunes are up the most.
Last year, the top 25 managers earned $32 billion even as the economy crashed and markets wobbled. Over all, hedge funds returned 11.6 percent last year, according to Hedge Fund Research, their best performance in a decade but not enough to keep pace with the S&P 500, which was up 16 percent.
“It may not be seemly, but it remains fact,” the magazine’s editors wrote.
Institutional Investor’s Stephen Taub.
For the 20th year in a row, Taub has called upon his unrivaled knowledge of the ownership, fee structures, and closely held return figures for the world’s largest hedge funds. He also has a knack for hearing things others don’t.
The output is the definitive list of what the titans of the trading floor earned during the pandemic year of 2020.
Will the $32 billion in earnings across the top 25 managers grate on those who watched tens of millions lose their jobs while global GDP cratered? Most certainly.
But when volatility increases and stock markets soar regardless of their connection to the real economy a select group of men (and yes, it is all men on
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A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You ll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @TMFUltraLong
The big day we ve been waiting for arrived on Tuesday, Feb. 16. As required by the Securities and Exchange Commission roughly 45 days following the end to a quarter, money management firms with over $100 million in assets under management filed Form 13F.
A 13F provides an under-the-hood look at what the brightest minds on Wall Street were up to in the most recent quarter. Even though it s a bit dated (in this instance, accurate through Dec. 31, 2020), 13Fs allow Wall Street and investors to understand what companies and trends are captivating money managers.