- Screenshot YouTube/Milken Institute
Institutional Investor’s annual list of the top-earning hedge fund managers is out, and the sums involved are astronomical.
Ken Griffin of Citadel ranks highest, having earned $1.7 billion in 2015. Jim Simons of Renaissance Technologies also earned $1.7 billion, while Ray Dalio of Bridgewater earned $1.4 billion.
The top five hedge fund managers earned a combined $7.35 billion. $7.35 billion!
The top 25 took home close to $13 billion. That works out at an average of more than $500 million each.
The list seems incongruous with a challenging year for many hedge funds.
As Alexandra Stevenson over at The New York Times points out, some of those included on the list actually lost money for some of their investors last year.
At Bridgewater, for example, the All Weather fund was down 7%. Bridgewater’s other funds did deliver returns for investors, though.