Top 25 Fund Managers Earned $15.38 Billion Collectively in 2017

June 4, 2018 James Heinsman In the News

Hedge funds seem to be rebounding from their years-long slump, with 2017 being spectacularly lucrative for the extremely lucky few.

Four hedge fund managers realized personal annual earnings topping the one-billion-dollar mark, an astronomically good years wages by anyone’s standards. Those four include James Simons of Renaissance Technologies with a sweet $1.7 billion; David Tepper of Appaloosa Management, who made $1.5 billion in 2017; Kenneth Griffin of Citadel made $1.4 billion; and Bridgewater Associates’ head Raymond Dalio banked $1.3 billion.

As a group, the top 25 hedge fund managers together brought home a cool $15.38 billion, more than the GDP of many independent countries, such as Bahamas, Nicaragua, Armenia, and many others. The average income of these 25 high-wealth individuals comes to $615 million per manager. That is a pay raise of 40% over 2016.

It is not just the managers that are doing great; the hedge funds are also doing better. The managers are bringing in better returns this year than in 2016, when about half of all funds lost money or only earned single-digit returns.

Appaloosa Management, Bridgewater Associates, Citadel, David Tepper, James Simons,

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