Monday, 20 October 2014
Last updated 8 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
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 ...