Top 10 Global Hedge Funds Achieved an Average Return of 43% Last Year

Hedge fund manager Israel Englander, who earned $3.8 billion last year
[Image source= Reuters Yonhap News]

[Asia Economy Reporter Byunghee Park] It has been confirmed that the top 10 hedge funds worldwide last year all posted profits exceeding 1 billion dollars. Hedge funds that appropriately responded to the financial market volatility caused by COVID-19 earned substantial returns.

According to the investment magazine Institutional Investor, the average return of the top 10 hedge funds last year was 43%. Coatue Management achieved 65%, Renaissance Technologies 76%, and Tiger Global Management 48%, among others.

All of these top 10 hedge funds earned more than 1 billion dollars. In 2019, there were 8 hedge funds that earned over 1 billion dollars.

The hedge fund manager who earned the most last year was Israel Englander of Millennium Management. Englander recorded profits of 3.8 billion dollars last year, more than doubling from 1.5 billion dollars in 2019.

Chris Hohn of Children's Investment Fund Management and Jim Simons of Renaissance Technologies each earned 2.6 billion dollars. Chase Coleman of Tiger Global Management earned 2.5 billion dollars, and Ken Griffin of Citadel earned 1.8 billion dollars.

The combined profits of the top 10 hedge funds amounted to 20.1 billion dollars, a 50.2% increase compared to 13.4 billion dollars in 2019.

Meanwhile, Hedge Fund Research reported that the average hedge fund return last year was 11.7%.

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