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2020 delivers $25.4B payday for world’s top 10 hedge fund managers
Millennium Management Founder & CEO, Israel Englander. Source: Jonathan Alcorn [Bloomberg]
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  • Despite the unprecedented market turbulence, the world's top 10 hedge fund managers collectively raked in US$20.1 billion (roughly A$25.4 billion) last year
  • Millennium Management's Israel Englander was the top earner, taking home US$3.8 billion (around A$4.8 billion) in 2020
  • The top 10 manager's earnings represent a 52 per cent increase compared to the US$13.4 billion (roughly A$16.93 billion) they made in 2019
  • On average, hedge funds made gains of 11.7 per cent despite a huge sell-off in March and widespread economic shutdowns brought on by the COVID-19 pandemic
  • However, the top 10 hedge funds averaged returns of 43 per cent, with Coatue Management making 65 per cent

Despite the unprecedented market turbulence, the world's top 10 hedge fund managers collectively raked in US$20.1 billion (roughly A$25.4 billion) last year.

According to data from New York-based magazine Institutional Investor, Millennium Management's Israel Englander was the top earner, taking home US$3.8 billion (around A$4.8 billion) in 2020.

That figure is more than double the US$1.5 billion (roughly A$1.9 billion) he earned in 2019, and complements the gains he made for approximately 26 per cent of his investors.

The top 10 manager's earnings represent a 52 per cent increase compared to the US$13.4 billion (roughly A$16.93 billion) they made in 2019.

On average, hedge funds made gains of 11.7 per cent despite a huge sell-off in March and widespread economic shutdowns brought on by the COVID-19 pandemic, according to data from Hedge Fund Research.

However, the top 10 averaged returns of 43 per cent, with Coatue Management making 65 per cent, Renaissance Technologies posting an increase of 76 per cent and Tiger Global Management coming in at 48 per cent.

While only eight of the top 10 fund managers brought home more than US$1 billion (around A$1.26 billion) in 2019, all 10 took home at least that amount in 2020.

Renaissance Technologies' James Simon earned US$2.6 billion (roughly A$3.29 billion), with Tiger Global Management's Chase Coleman making US$2.5 billion (around A$3.16 billion) and Citadel's Ken Griffin landed US$1.8 billion (around A$2.27 billion).

Pershing Square's Bill Ackman claimed the last spot on the top 10, with a meagre US$1.4 billion (roughly A$1.77 billion) paycheck after not featuring on the list in 2019.

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