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

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

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.