25 highest paid hedge fund managers made $32 billion in 2020, a new record

Israel “Izzy” Englander, chairman and chief govt officer of Millennium Management LLC.

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The 25 highest paid hedge fund managers made a sage $32 billion in 2020, up greater than 50% over 2019, in step with Institutional Investor’s Prosperous Checklist.

An entire of 15 hedge fund managers made $1 billion or more, when in contrast with most efficient eight in 2019. The wide features true thru the pandemic, coupled with the public debate over hedge funds in the wake of the GameStop controversy, is most likely to device criticism from lawmakers and the public over hedge fund pay and fairness in monetary markets.

The atomize earner changed into Israel “Izzy” Englander of Millennium Management, earning $3.8 billion. His flagship fund changed into up 26% final year, which changed into its most efficient return in 20 years. Fancy quite a lot of the tip-performing funds final year, Millennium relies more on stock picking than quantitative solutions using pc algorithms.

In second set up is Jim Simons of Renaissance Technologies, who earned $2.6 billion. His investors, nonetheless, didn’t attain as neatly. Renaissance Technologies’ three main funds for outside investors had been down 20% to 30%, in step with file. Nonetheless its Medallion fund, which is essentially for workers, changed into up 76%. Simons retired as chairman on Jan. 1.

Plug Coleman of Tiger Global came in third set up, with a $2.5 billion payday. The fund changed into an early investor in tech stocks and in a foreign country performs that did neatly true thru the pandemic, giving his fund a 48% return. His associate Scott Shleifer, the high of Tiger’s deepest equity industry, changed into tied for eighth with $1.5 billion. Shleifer honest sold basically the costliest dwelling ever supplied in Florida, paying greater than $130 million for a newly constructed mansion in Palm Seaside.

Ken Griffin of Castle, who is on the center of the GameStop debate, came in fourth, with $1.8 billion as his fund changed into up 24%. Steve Cohen of Point72 Asset Management, who owns the Mets, changed into tied for fifth, alongside with David Tepper, every at $1.7 billion.

Correction: An earlier version of this fable incorrectly attributed Mets possession.