Top 25 Earning Hedge Fund Managers Earned $11 Billion in 2016
The top hedge fund managers earned a combined $11 billion in 2016. Although it sounds alot, its actually the lowest total since 2005, when the top 25 earned just $9.4 billion. The top two earners James Simons, founder of Renaissance Technologies and Ray Dalio, founder of Bridgewater Associates earned $1.6 billion and $1.4 billion respectively.
“The top two earners James Simons, founder of Renaissance Technologies and Ray Dalio, founder of Bridgewater Associates earned $1.6 billion and $1.4 billion respectively.”
Nearly half of these hedge funds posted single digit returns in their main funds in 2016. The returns have been lackluster when compared to the Standard & Poor’s 500 stock index which was up 12%, accounting for reinvested dividends. However, some of the firms still generate huge revenues from the fees charged.
Video: James Simons on Basic Research – Numberphile
Video: Ray Dalio — founder of world’s largest hedge fund — talks his work-life philosophy
Credits: “CBS This Morning” co-host Charlie Rose
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