Last year, hedge funds suffered massive losses amid scandals, rising fee and market turmoil. But the investor confidence in money managers will recover soon. These are the hedge funds which made the most money in 2016.
Jim Simons is a famous billionaire who oversees his hedge fund named Renaissance Technologies. The hedge fund returned 21.5% in 2016. In this way, the fund’s total earnings for the year came in at $1.5 billion. This hedge fund manages over $71.93 billion on 13F securities.
Michael Platt founded BlueCrest Capital Management in 2000 in London. The fund is one of the pioneers in using computers to spot the best stocks to buy. In 2016, BlueCrest’s bets on interest rates paid off, and it returned a whopping 50% in the period. The hedge fund’s earnings for 2016 is $1.5 billion. Overall, BlueCrest’s portfolio has a net worth of $59 billion.
Ray Dalio is one of the richest people in America. He got fame in 2008 because he predicted the financial crisis a year earlier. Dalio’s hedge fund Bridgewater Associates earned a whopping $1.4 billion in 2016. Bridgewater Associates portfolio …read more
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