Soros Tops In Cash Gains In '13—And Ever

Feb 10 2014 | 11:19am ET

In terms of dollars and cents, the best-performing hedge fund manager of last year isn't really a hedge fund manager anymore.

Soros Fund Management's Quantum Endowment Fund, which became a family office three years ago, earned $5.5 billion in 2013, according to LCH Investments. The return means that Quantum has earned more for its clients than any other firm, with $39.6 billion in profits over the past 40 years.

Among active hedge fund managers, Lone Pine Capital made more for its clients than any other firm in 2013 with an estimated $5.2 billion in returns. Viking Global Investors padded its investors' pocketbooks by $4.5 billion and Appaloosa Management by $4.2 billion.

Lone Pine was also last year's highest-grossing hedge fund manager with $4.6 billion in client profits and has earned investors $20.5 billion since Stephen Mandel founded it in 1997.

Paulson & Co. also fattened client pockets in 2013, with profits of $2.6 billion. And, showing how much size matters in such a ranking, the world's largest hedge fund's largest hedge fund, Bridgewater Associates' Pure Alpha, generated $2.4 billion in profits, in spite of its single-digit returns last year.

All told, the 20 most profitable hedge funds in history earned clients $55.4 billion last year, LCH said.


In Depth

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.