Tuesday, 16 September 2014
Last updated 7 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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