Sunday, 28 December 2014
Last updated 3 hours ago
Mar 7 2011 | 10:54am ET
The world's top hedge funds earned almost $30 billion for clients in the second half of last year, according to a new report.
Clients of the top 10 hedge funds split some $28 billion in profits between July and December, the Financial Times reports. The group was led by Paulson & Co., which earned $5.8 billion in profits in the second half.
Returns like that are helping Paulson creep up on all-time profits leader Soros Fund Management, in spite of the fact that Soros, which was founded in 1973, had a 21-year head-start on Paulson, which launched in 1994. Paulson investors have now enjoyed $32.2 billion in total profits over the past 17 years, compared to Soros' $35 billion during its 38 years in business.
Soros made $3 billion in profits in the second half of last year.
All told, the top 10 hedge funds have returned $182 billion to investors. In addition to Paulson and Soros, the list includes Appaloosa Management, Baupost Group, Brevan Howard Asset Management, Bridgewater Associates, Caxton Associates, ESL Advisors, Farallon Capital Management and Moore Capital Management.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.