Highest Earning Hedge Fund Managers in 2015

Highest Earning Hedge Fund Managers in 2015

Ken Griffin, the manager of a hedge fund, is having a fantastic year. His long and contentious divorce is finally over. He’s gone on a real estate and art buying binge. Griffin earned $1.7 billion in 2015, so it’s no surprise. Griffin earned more than anyone else in the hedge fund industry at the age of 47.

He didn’t just make more than George Soros, Ray Dalio, and David Tepper; he outperformed them. Griffin is the CEO of Citadel, a Chicago-based firm that manages $25 billion in various funds.

Griffin’s $1.7 billion profit in 2015 is no small feat, given that the stock market’s volatility decimated many funds and stocks, causing several venerable hedge fund managers to suffer significant losses. Meanwhile, Griffin’s Citadel hedge funds are producing returns of up to 17%. In 2015, the average fund in the industry lost 0.85 percent.

The top 25 hedge fund managers earned a total of $12 billion in 2015, slightly less than the $12.5 billion they earned in 2014.

The top ten earning hedge fund managers are listed below.

  1. George Soros

2015 Earnings: $300 million

Net Worth: $25 billion

George Soros is the only person on this list who earned less than $500 million in 2015. Don’t feel bad for him; with a net worth of $25 billion, he’s unlikely to go bankrupt any time soon. Soros Fund Management manages $29 billion in assets and posted modest gains in 2015.

 

  1. Ray Dalio

2015 Earnings: $500 million

Net Worth: $14 billion

Ray Dalio is the founder of Bridgewater Associates, the world’s largest hedge fund firm with $154 billion in assets under management. In 2015, Dalio’s funds had mixed results. Pure Alpha returned 4.7 percent, while Pure Alpha Major Markets returned 10.6 percent. However, the $70 billion All Weather fund lost 7%, which is significant because this fund holds a significant portion of Dalio’s net worth.

 

  1. Israel Englander

2015 Earnings: $550 million

Net Worth: $3.4 billion

Millennium Management is led by Israel Englander. The fund manages assets worth $34 billion. Englander’s fund performed admirably in 2015. It yielded a 12.5 percent return.

 

  1. David Siegel

2015 Earnings: $600 million

Two Sigma Investments was co-founded by David Siegel. Based on quantitative trading, he grew his fund into a $32 billion behemoth. In 2015, Two Sigma had a fantastic year. Its Compass fund returned 15%, while its Compass Enhanced fund returned 30.40%.

 

  1. John Overdeck

2015 Earnings: $600 million

Two Sigma Investments’ other co-founder is John Overdeck. In addition to the stellar performance of the two Compass funds, Sigma’s Absolute Return fund returned 15% and its Eclipse fund returned 12.9 percent.

 

  1. David Shaw

2015 Earnings: $700 million

Net Worth: $3.8 billion

Stanford University awarded David Shaw a PhD in computer science. In 1988, he established D.E. Shaw and Co. The company is well-known for its highly sophisticated mathematical models. Shaw is in charge of more than $39 billion in assets.

 

  1. David Tepper

2015 Earnings: $1.2 billion

Net Worth: $10 billion

David Tepper is a hedge fund manager with a long and successful career. Appaloosa Management was founded by him. His fund’s performance during the financial crisis established him as an industry legend. Tepper took advantage of 2015’s volatile market. His larger fund, Palomino, returned 11%, while his smaller Thoroughbred fund returned 7%.

 

  1. Steve Cohen

2015 Earnings: $1.55 billion

Net Worth: $11 billion

Steve Cohen is one of history’s most successful hedge fund managers. In 2015, his Point72 Asset Management returned 15.5 percent. Cohen’s performance was strong for the second year in a row. Federal prosecutors shut down Cohen’s SAC Capital hedge fund firm in 2013 for insider trading. Cohen paid $1.8 billion in penalties with his own money and sold all of his assets. He is barred from managing other people’s money for two years. The funds managed by Point72 are family funds. In 2018, he will be able to manage outside funds once more.

 

  1. James Simons

2015 Earnings: $1.65 billion

Net Worth: $15.5 billion

In 2010, James Simons announced his retirement from Renaissance Technologies, his hedge fund firm. Even at the age of 77, he continues to play an important role in the firm, particularly in the secretive and profitable Medallion fund.

 

  1. Ken Griffin

2015 Earnings: $1.7 billion

Net Worth: $6.5 billion

Ken Griffin had a fantastic year. Citadel, his hedge fund, performed exceptionally well, earning him $1.7 billion. Griffin also spent $200 million on a Manhattan condo and $500 million on two paintings – Willem de Kooning’s Interchanged from 1955 and Jackson Pollock’s Number 17A from 1948. Griffin began trading in the 1980s from his Harvard dorm room. Citadel was founded by him in 1990. The firm manages assets worth $25 billion.

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