Soros Tops In Cash Gains In '13—And Ever

Feb 10 2014 | 12:19pm 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.


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