They manage the wealth of rich people, make huge profits: hedge fund managers – people who know how to handle money!
Despite the global pandemic, the best financial managers have shown it again: No crisis can do anything to us! The ten best hedge fund managers in the world earned around 20.1 billion euros in 2020 – despite Corona! For comparison: in the previous year it was “only” 13.4 billion. The money portal reports „Institutional Investor“.
All of the top 10 hedge fund managers earned more than $ 1 billion in 2020. In 2019 there were eight. And: on average, the best hedge fund managers received a return of 43 percent!
BILD shows the insane salaries of the ten best hedge fund managers!
1st place: Israel Englander
He is number 1: Israel “Izzy” Englander! The American investor earned $ 3.8 billion for his own pocket with his hedge fund “Millennium Management”.
But his investors can also be happy: Englander earned 10.2 billion US dollars for them, making a return of 26 percent.
In total, the financial professional manages total assets of 39.2 billion euros. Englander founded his fund in 1989 with start-up capital of 35 million euros. The man knows his trade!
2nd place: James Simons
Mathematician and finance manager James “Jim” Harris Simons is the founder of the Renaissance Technologies fund and raised $ 2.6 billion.
With his fund (founded in 1982), Simons manages $ 70 billion and made a return of 76 percent last year.
Platz 3: Chase Coleman
Charles Payson “Chase” Coleman III (45) is the founder of the “Tiger Global Management” fund and earned around 2.5 billion US dollars in 2020.
His fund made a return of 48 percent.
4th place: Kenneth Griffin
The art collector and company Kenneth Griffin is the founder and head of the “Citadel” fund. His 2020 paycheck: $ 1.8 billion!
“Citadel” made a return of 24 percent.
Shared 5th place: Steve Cohen
Steve Cohen also collects art (Vincent van Gogh, Portrait of a Young Peasant Woman, 1890, bought for $ 137.5 million) and earned $ 1.7 billion with his hedge fund “Point72 Asset Management”.
Its investors are happy about a return of 16 percent.
Shared 5th place: David Tepper
David Tepper made about $ 1.7 billion in 2020. Tepper is also the owner of the American football team “Carolina Panthers”.
With his fund “Appaloosa Management” he gave his investors a return of 13 percent.
Platz 7: Philippe Laffont
Finance juggler Philippe Laffont’s paycheck reads $ 1.6 billion.
For his donors, he earned a return of 63 percent.
Shared 8th place: Ole Andreas Halvorsen
The Norwegian Ole Andreas Halvorsen increased his fortune by 1.5 billion euros!
His fund “Viking Global Investors” made a return of 27 percent.
Shared 8th place: Scott Shleifer
Scott Shleifer works at the Tiger Global Management fund (like 3rd place Chase Coleman) earned $ 1.5 billion last year.
10th place: Bill Ackman
Last place, but still mega-rich: the American fund manager Bill Ackman!
Ackman made $ 1.4 billion with his Pershing Square Capital Management fund. His fund made a return of 70 percent.