The Three Managers that Top the Charts: Soros, Icahn and Dalio

October 12, 2015 Debbie Jacobs Hedge Fund News

George Soros. Photo taken by Jeff Ooi.

George Soros. Photo taken by Jeff Ooi.

Most of the wealthy people at the head of the Forbes 400 list of America’s richest are in technology, retail and candy sales, hedge fund managers are also ranking well. Among the list’s 50 richest people there are seven alternative fund managers. But among those seven there are three that truly shine.

In first place among the hedge fund stars, and ranked sixteenth overall by Forbes is George Soros With a net worth of $24.5 billion, he dominates as one of the industry’s most influential investors, and has been for at least 40 years. Soros survived the Nazi occupation of Hungary, and relocated to England in 1947 where he studied economics. He founded Soros Fund Management in 1970, and is most likely best known for his short trade that “broke the back” of the Bank of England in the early 90s.

Not too far behind Soros is Carl Icahn. His net worth is valued at about $20.5 billion, making him 22nd on the Forbes list. Don’t let his close ranking to Soros fool you; Icahn’s investing style is worlds away from him. He does not buy and sell equities with abandon like Soros; instead Icahn will buy stock in a company that is ripe for a change. Icahn then acts as an activist and takes on the management to get them to make changes that the shareholders want to see. Icahn’s parents were both teachers, and he studied philosophy. He started in a brokerage firm in the early 1960s, and in 1968 launched his own company.

Ray Dalio is the third star in this constellation with a net worth of $15.3 billion, placing him in the 29th spot on the Forbes 400. He is the son of a jazz musician, and got his MBA from Harvard. In 1975 Dalio started Bridgewater Associates. He still manages Bridgewater, which is the largest hedge fund in the world, managing a heart-attack inducing $150 billion. Dalio’s investing style includes a more value-centered approach, looking for good companies and holding onto his assets longer.

Carl Icahn, Forbes 400, George Soros, Ray Dalio,

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