Top 25 Hedge Fund Financiers in 2020 Earn Over 35 Trillion Won... Highest Income Ever Recorded

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] According to CNBC's report on the 22nd (local time), citing data from the international financial media 'Institutional Investors,' the income earned by the top 25 highest-paid hedge fund managers last year reached $32 billion (approximately 35.328 trillion KRW).

The report states that the income of the top 25 highest-paid hedge fund managers last year increased by more than 50% compared to the previous year, marking an all-time high.

Among them, 15 managers earned more than $1 billion. In 2019, there were 8 such managers.

Individually, Israel Englander, founder of Millennium Management, had the highest annual income at $3.8 billion (approximately 4.1952 trillion KRW). The flagship fund he manages posted a return of 26%.

In second place was Jim Simons, one of the founders of Renaissance Technologies, with $2.6 billion. Renaissance's flagship fund, Medallion, achieved a 76% return last year, but the three main funds managing external investors' capital suffered losses of about 20-30%.

Following them were Chase Coleman of Tiger Global Management ($2.5 billion), Kenneth Griffin of Citadel ($1.8 billion), and Steve Cohen of Point72 Asset Management ($1.7 billion), all ranking within the top five.

CNBC reported, "Their enormous incomes last year are expected to spark criticism regarding the compensation systems of hedge funds."

This content was produced with the assistance of AI translation services.