Photographer: Angela Weiss / AFP / Getty Images
Photographer: Angela Weiss / AFP / Getty Images
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Tiger Global Management ranked first in a global hedge fund and quantified power The rebirth of technologies has been eliminated, another sign that trading conditions have favored the collection of human stocks instead of algorithms.
The industry raised $ 127 billion last year, with some of the largest human-dominated companies accumulating record profits, according to estimates released Monday by LCH Investments, a hedge fund. Chase Coleman’s Tiger Global generated $ 10.4 billion for customers, after taxes and Of Izzy Englander Millennium Management was a close second, with $ 10.2 billion.
The Renaissance, founded by a billionaire mathematician Jim Simons, dropped from the ranking of 20 companies after losing part of his public funds over 30% last year. In 2019, it ranked third on the LCH list, which focuses on managers with the highest total profit from the beginning and is designed to favor the largest and oldest hedge funds.
Read more: Titans Hedge Fund Hohn, Mandel lead $ 178 billion Year of profits
The ranking reflects the most prominent theme of a tumultuous year, with hedge funds earning or losing huge sums of money as the Covid-19 pandemic devastated the globe, and central banks unleashed unprecedented incentives to contain the economic massacre. Most of all, Of Ray Dalio Bridgewater Associates suffered $ 12.1 billion in losses.
“In navigating the highly volatile 2020 markets, talented individual managers, with vision and flexibility, performed better than scheduled cars,” LCH President Rick Sopher said in a statement.
His company’s annual survey is just a way to analyze the industry’s profitability, as it may exclude newer or smaller hedge funds that have outperformed everyone in the top 20.
The 20 managers in the ranking oversaw about 17 percent of the global hedge fund’s assets and produced about 43 percent of the $ 1.4 trillion profit the industry generated from the beginning, according to LCH.
Top 20 managers ranked by profits in 2020
| Administrator | Net earnings from the beginning | Earnings 2020 | Year of launch |
|---|---|---|---|
| Tiger Global | 26.5 | 10.4 | 2001 |
| Millennium | 36.0 | 10.2 | 1989 |
| Lone Pine | 42.3 | 9.1 | 1996 |
| Vikings | 36.6 | 7.0 | 1999 |
| City | 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 |
| SAC / Paragraph 72 | 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 | N / A | 1973 |
| Moore Capital *** | 18.6 | N / A | 1990 |
| Top 20 managers | 615.1 | 63.5 | |
| All managers | 1,422 | 127 |
NOTE: Earnings are in the billions of dollars; * Until June 30, 2020; ** Until December 31, 2017; *** Until December 31, 2019. Source: LCH Investments
– With the assistance of Hema Parmar