Photographer: Angela Weiss / AFP / Getty Images
Photographer: Angela Weiss / AFP / Getty Images
Tiger Global Management is ranked first in a global hedge fund rankings and a quantity force Renaissance Technologies has been fired, another sign that trading conditions favor human stock voters over algorithms.
The industry raised $ 127 billion last year, and according to estimates released by LCH Investments, a hedge fund, on Monday, some of the largest trades dominated by human traders made record profits. Chase Coleman’s Tiger Global generated $ 10.4 billion for customers, after fees, and Izzy Englander se Millennium Management was short-lived with $ 10.2 billion.
Renaissance, founded by billionaire mathematician Jim Simons, dropped from the rankings of 20 businesses after losing some of the public funds more than 30% last year. In 2019, it placed third on LCH’s list, focusing on managers with the most total profits since its inception, and designed to benefit the largest and oldest hedge funds.
Read more: Hedge Fund Titans Hohn, Almond Lead $ 178 billion year profit
The ranking reflects the most prominent theme of a turbulent year, with hedge funds making or losing large sums of money while the Covid-19 pandemic plagued the world and central banks unleashed unprecedented stimulus to curb economic slaughter. The greatest of all, Ray Dalio’s Bridgewater Associates, suffered $ 12.1 billion in losses.
“In the particularly volatile markets of 2020, talented individual drivers performed better with vision and flexibility than programmed machines,” Rick Sopher, chairman of LCH, said in a statement.
His firm’s annual survey is just one way to look at the profitability of the industry, as it may exclude new or smaller hedge funds that are percentage better than everyone in the top 20.
The 20 executives in the rankings oversaw about 17% of the global hedge funds and, according to LCH, made about 43% of the $ 1.4 trillion in profits the industry has made since its inception.
Top 20 drivers are classified according to profit in 2020
| Manager | Net profits since the beginning | 2020 Profits | Launch year |
|---|---|---|---|
| Tiger Global | 26.5 | 10.4 | 2001 |
| Millennium | 36.0 | 10.2 | 1989 |
| Lone Pine | 42.3 | 9.1 | 1996 |
| Viking | 36.6 | 7.0 | 1999 |
| Citadel | 41.8 | 6.2 | 1990 |
| DE Shaw | 37.3 | 5.4 | 1988 |
| Elliott Associates | 33.3 | 5.0 | 1977 |
| TCI | 27.0 | 4.2 | 2004 |
| Egerton | 22.6 | 3.7 | 1995 |
| Brevan Howard | 22.5 | 3.0 | 2003 |
| Farallon | 29.3 | 2.9 | 1987 |
| SAC / Punt72 | 25.9 | 2.5 | 1992 |
| Och-Ziff / Sculptor | 29.8 | 2.3 | 1994 |
| Appaloosa | 28.6 | 1.9 | 1993 |
| King Street Capital | 17.6 | 1.6 | 1995 |
| Baupost | 31.3 | 1.5 | 1983 |
| Paulson & Co. * | 17.8 | -1.2 | 1994 |
| Bridgewater | 46.5 | -12.1 | 1975 |
| Soros Fund Management ** | 43.9 | AFTER | 1973 |
| Moore Capital *** | 18.6 | AFTER | 1990 |
| Top 20 Managers | 615.1 | 63.5 | |
| All drivers | 1 422 | 127 |
NOTE: the profits are in billions of dollars; * Until 30 June 2020; ** Until 31 December 2017; *** Until 31 December 2019. Source: LCH Investments
– With the help of Hema Parmar