A group of the 20 best-performing hedge funds of all time made a record-high combined net return of $65.4bn in 2021, up from $63.5bn in 2020 and $59.3bn in 2019, says Reuters.
Together, they earned around a third of the $176bn total made by all hedge funds last year, each returning 10.5% on average, according to LCH Investments, a fund of funds firm.
Chris Hohn, the British manager of The Children’s Investment (TC) fund, topped the list with a $9.5bn gain, followed by Ken Griffin’s Citadel, which made $8.2bn for investors.
Ray Dalio’s Bridgewater, the world’s biggest hedge fund, returned $5.7bn after making a loss in 2020, while Daniel Loeb’s Third Point broke into the top 20 with a $3.3bn gain.
Chase Coleman’s Tiger Global, which made $10.4bn in 2020 to top the table, fell to a $1.5bn loss in 2021. However, in a win for passive investing, none of the top 20 could beat the S&P 500’s 27 percent gain.
Kris Paterson is a writer for WhatJobs.com
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