Israel “Izzy” Englander, Chairman and CEO of Millennium Management Co., Ltd.
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According to data from the Institutional Investor’s Rich List, the top 25 hedge fund managers’ income reached a record $32 billion in 2020, an increase of more than 50% over 201
A total of 15 hedge fund managers have annual revenues of US$1 billion or more, compared with US$800 million in 2019. The huge gains during the pandemic, coupled with the public hedge fund debate after the GameStop controversy, are likely to arouse criticism from legislators as well as public hedge fund compensation and financial market fairness.
The highest income is the Israeli “Izi” Englishman managed for the millennium, with an income of $3.8 billion. His flagship fund rose 26% last year, the highest return in 20 years. Like many top funds last year, the millennium relied more on stock selection rather than quantitative strategies using computer algorithms.
The second place is Jim Simmons of Renaissance Technologies, whose revenue is $2.6 billion. However, his investors did not perform well. The report shows that the three major funds provided by Fuxing Technology for external investors have fallen by 20% to 30%. But its medallion fund, which is mainly for employees, grew by 76%. Simmons retired as chairman on January 1.
Tiger Global’s Chase Coleman ranked third with a $2.5 billion payday. The fund was an early investor in technology stocks and overseas companies, and it performed well during the pandemic, allowing his fund to return 48%. His partner Scott Shleifer (Scott Shleifer) tied for eighth with $1.5 billion in assets and is the head of Tiger’s private equity business. Shleifer just bought the most expensive house in Florida’s history and bought a new mansion on Palm Beach for more than $130 million.
Citadel’s Ken Griffin ranked fourth, with $1.8 billion in assets in fourth place, and his fund grew by 24%. Steve Cohen of Point72 Asset Management, which owns the Mets, tied for fifth with David Tepper, both at $1.7 billion.
Correction: An earlier version of this story incorrectly attributed the ownership of Mets to Mets.