Photographer: Angela Weiss / AFP / Getty Images
Photographer: Angela Weiss / AFP / Getty Images
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Tiger Global Management ranked first in a global ranking of hedge funds and in quantity Renaissance Technologies was ousted, another sign that business conditions favored human value collectors over algorithms.
The industry grossed $ 127 billion last year, with some of the largest companies dominated by human traders accumulating record profits, according to estimates released Monday by LCH Investments, a hedge fund. Chase Coleman’s Global Tiger generated $ 10.4 billion for customers, after commissions, and By Izzy Englander Millennium Management was a second close, with $ 10.2 billion.
Renaissance, founded by a billionaire mathematician Jim Simons, fell from the ranking of 20 companies after losing some of his public funds more than 30% last year. In 2019 it ranked third on the LCH list, which focuses on the managers with the most total profits from the beginning and is designed to favor the largest and oldest hedge funds.
Read more: Hedge Fund Titans Hohn, Mandel leads $ 178 billion profit year
The ranking reflects the highlight of a tumultuous year, with hedge funds earning or losing huge amounts of money as the Covid-19 pandemic ravaged the world and central banks unleashed unprecedented incentives to contain the economic carnage. The biggest of all, By Ray Dalio Bridgewater Associates suffered losses of $ 12.1 billion.
“As we navigated the particularly volatile 2020 markets, individual managers with talent and vision and flexibility performed better than scheduled machines,” LCH President Rick Sopher said in a statement.
Your company’s annual survey is just one way to look at the industry’s profitability, as it can exclude smaller or newer hedge funds that outperform the top 20 in percentage.
The twenty ranking managers oversaw about 17% of the hedge fund’s global assets and produced approximately 43% of the $ 1.4 trillion in profits the industry has generated since its inception, according to LCH.
The top 20 executives ranked by profit in 2020
| Manager | Net earnings from the start | 2020 earnings | Release year |
|---|---|---|---|
| Tiger Global | 26.5 | 10.4 | 2001 |
| Millennium | 36.0 | 10.2 | 1989 |
| More solitary | 42.3 | 9.1 | 1996 |
| Viking | 36.6 | 7.0 | 1999 |
| Ciutadella | 41.8 | 6.2 | 1990 |
| DE Shaw | 37.3 | 5.4 | 1988 |
| Elliott Associates | 33.3 | 5.0 | 1977 |
| TCI | 27.0 | 4.2 | 2004 |
| Egerton | 22.6 | 3.7 | 1995 |
| Brevan Howard | 22.5 | 3.0 | 2003 |
| Farallon | 29.3 | 2.9 | 1987 |
| BOSSA / Punt72 | 25.9 | 2.5 | 1992 |
| Och-Ziff / Sculptor | 29.8 | 2.3 | 1994 |
| Appaloosa | 28.6 | 1.9 | 1993 |
| King Street Capital | 17.6 | 1.6 | 1995 |
| Baupost | 31.3 | 1.5 | 1983 |
| Paulson & Co. * | 17.8 | -1.2 | 1994 |
| Bridgewater | 46.5 | -12.1 | 1975 |
| Soros fund management ** | 43.9 | NA | 1973 |
| Moore Capital *** | 18.6 | NA | 1990 |
| The 20 best managers | 615.1 | 63.5 | |
| All managers | 1,422 | 127 |
NOTE: Profits are in the billions of dollars; * Until June 30, 2020; ** Until December 31, 2017; *** Until 31 December 2019. Source: LCH Investments
– With the assistance of Hema Parmar