Ackman Joins Ranks Of All-Time Most Successful Hedgies

Jan 26 2015 | 10:27am ET

Pershing Square chief Bill Ackman has ascended to the hedge fund heavens: he's joined the ranks of the top 20 most successful hedgies of all-time.

Ackman, whose fund returned 33% in 2014, was the only new entrant in the annual list compiled by LCH Investments. He ranked 19, Pershing Square having returned $11.6 billion to investors since its 2004 launch.

According to LCH the top 20 managers generated $25.2 billion in profits (net of fees) in 2014, a significant chunk of the overall industry's gain of $71 billion.

George Soros retained the number one spot in the list, a position he reclaimed from Ray Dalio's Bridgewater last year. Soros' Quantum fund, which became a family office at the end of 2011, returned $2.3 billion last year, according to the LCH data.

John Paulson retained number three spot despite a $1.9 billion net loss.
Andreas Halvorsen’s Viking climbed to seventh place while Paul Singer’s Elliott Associates rose to ninth.

Brevan Howard's Alan Howard slipped from eighth to 12th after his $24 billion Master Fund posted its first loss since its launch in 2003.

The LCH list does not include systematic strategies.

LCH chairman Rick Sopher said that despite a lackluster year overall for hedge funds, in 2014, “[s]ome of the more talented managers made exceptionally good investments which generated exceptionally strong gains for their investors.”

LCH Investments is part of the Edmond de Rothschild Group.


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