Business & Investment

Top hedge funds will make record $ 65.4 billion for clients in 2021

© Reuters. File Photo: Citadel Founder and CEO Ken Griffin will speak at the Milken Institute’s 22nd Annual Global Conference on April 30, 2019 in Beverly Hills, California, USA. REUTERS / MikeBlake / File Photo

By Svea Herbst-Bayliss

Boston (Reuters)-The 20 best-performing hedge funds in the world earned $ 65.4 billion for clients in 2021 and set a new record for rising prices and rising stock markets despite the coronavirus case. Established, and data from LCH Investments show.

As a group, the most successful managers tracked returns, with all hedge funds earning more than one-third of the $ 176 billion they made last year, at a fund of funds company that is part of the Edmond Delos Child Group. One LCH Investments reported.

According to the data, the top 20 companies, including brand investment firms TCI Fund Management and Citadel, returned an average of 10.5% and jointly managed nearly one-fifth of the industry’s $ 3.6 trillion assets. However, their returns lag behind broader stock market profits.

Despite the Delta and Omicron coronavirus variants, 2021’s best performance exceeded $ 69.3 billion in 2020 and 2019, and the Federal Reserve set interest rates to deal with rising prices. I’m afraid I’ll have to raise it soon.

“The net profit generated by the top 20 managers for investors was the highest ever,” said LCH Chairman Rick Sofa, surpassing 2020 profits and setting a record.

There was a sway among the best performers in 2021 as Christopher Hohn’s TCI fund management earned $ 9.5 billion and Kengrifin’s Citadel earned $ 8.2 billion for investors and ranked in the top two. ..

According to the data, Chase Coleman’s Tiger Global, which earned $ 10.4 billion in 2020 and was the winner of the 2020 breakout, posted a loss of $ 1.5 billion in 2021. The Israel-England Millennium, which was ranked at the top of the list with a profit of $ 10.2 billion in 2020, recorded a profit of $ 6.4 billion in 2021.

As the data show, Ray Dalio’s Bridgewater, the world’s largest hedge fund, made a profit of $ 5.7 billion in 2020 and grew rapidly after a disappointing year in 2020.

Daniel Loeb’s third point, pursuing a variety of strategies, including activist investment, entered the top 20 in 2021 with a profit of $ 3.3 billion.

Hedge fund representatives declined to comment.

Despite many companies making billions of dollars, equity-oriented hedge funds have fallen far behind the 27% rise in the overall stock market in 2021. The harsh environment of short cells limited their returns. ”

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Top hedge funds will make record $ 65.4 billion for clients in 2021–lch-data-2740113 Top hedge funds will make record $ 65.4 billion for clients in 2021

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