As we have mentioned a fair few times, there’s been large coverage of hedge funds’ decline in the media. We looked into the financial state of UK hedge managers in an infographic recently, and whilst 2018 was a dismal year for hedge fund managers the world over, those that ran the top 20 firms in the UK enjoyed a healthy amount of commission, negating the view that the whole of the sector was doomed.
Institutional Investor, however, has looked into the state of US hedge fund managers as well as those in the UK, also outlining that 2018 was a year whereby two thirds of hedge funds lost all of their money. What is extremely apparent here is the difference between the US and UK individuals. Whereas the UK entries such as Michael Platt, Sir Chris Hohn and Alan Howard all made significant increases in their pay package, most of their US counterparts suffered the opposite.
There also seems to have been quite a bit of reshuffling. Known hedge fund personality Ray Dalio has returned to the top of the pile of the Rich List since 2011. He supersedes James (Jim) Simons, whose Renaissance Institutional Diversified Alpha Fund rose 3.23% in 2018. Two Sigma’s John Overdeck and David Siegel share fourth place with solid results in the last year, and up from bottom place. At only 44 years of age, Chase Coleman III is the youngest on the list, co-founder of Tiger Global Management which invests in tech and manages around $30 billion in AUM.
We’ve displayed the 8 of the 10 Rich List entries that hail from the US in this handy infographic; give it a peruse!
Data source: What the world’s richest hedge fund managers made in 2018 — and how they made it. – Institutional Investor