The Richest Hedge Fund Managers On The 2020 Forbes 400 List

 


    the 25 contributors of the forbes four hundred who made their fortunes from hedge price range are worth a mixed $185 billion, up $2.8 billion from last yr. as a collection, that’s saying something, given that hedge finances were given hammered inside the first half of 2020, losing a file 7.9% on common, in line with an analysis with the aid of hedge fund studies. 

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the wide variety of hedge funders at the forbes four hundred held constant at 25 this 12 months, but renaissance technology' henry laufer slipped from the ratings, and pershing square capital control founder and ceo william ackman returned to the list after a 4-year absence. of people who had been on the 2019 list, 11 were given richer, 7 are down and six are flat. nevertheless, their overall performance pales in contrast to some tech tycoons who're tens of billions of dollars richer than a 12 months ago–like jeff bezos, whose net well worth jumped an eye-catching fifty seven% because the 2019 forbes four hundred listing. 


the most important gainer of the institution is likewise the youngest hedge fund supervisor on the forbes 400. chase coleman, the forty five-12 months-antique founder of new york-based totally tiger worldwide control, is worth $6.9 billion, forbes calculates, $2.four billion greater than a year ago. his firm's stock portfolio rose more than 36% within the first 1/2 of this year thank you in big part to billion-dollar bets on firms booming at some stage in the pandemic, like on-line shops jd.com, amazon and alibaba, as well as tech staples microsoft and fb. tiger international ended 2019 handling kind of $forty billion in assets.

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the richest hedge fund manager on the listing is jim simons, a former math professor and the founding father of quantitative buying and selling company renaissance technologies. simons, eighty two, retired a decade ago but stays a co-chairman at renaissance, alongside along with his son nathaniel. his fortune grew an predicted $1.five billion in view that closing 12 months to $23.5 billion. renaissance technologies now manages about $eighty billion. 

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other fund managers struggled. ray dalio's storied bridgewater pals noticed belongings decline 18% within the first four months of 2020; its flagship budget have been down as plenty as 14% via june notwithstanding a broader market recovery. as markets crashed in march, dalio wrote in a linkedin submit, "maximum lately i made the painful mistake of not having a well-concept-out recreation plan for dealing with pandemics... the fitness, monetary and marketplace effect of the coronavirus can be tons greater than the general public are actually conveying." at $sixteen.nine billion, dalio is down $1.8 billion seeing that last 12 months.

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