Top 5 most successful hedge fund managers
Rating:
Loading...5. Citadel - Ken Griffin
Net gains in 2016: $1 billion
Net gains since inception: $25.2 billion (1990)
Fund's assets under management: $24.1 billion
4. The Baupost Group - Seth Klarman
Net gains in 2016: $2.7 billion
Net gains since inception: $25.3 billion (1983)
Fund's assets under management: $31 billion
Highlights: Baupost made a big bet on Citigroup late last year, and has potentially been rewarded with a healthy increase in the bank's stock price.
In a letter to his fund's investors last year, Klarman set out what it takes to be a successful investor.
"Endless patience, great discipline, and steely resolve are required," he said. "Nothing you do will guarantee success, though you can tilt the odds significantly in your favor by having the right philosophy, mindset, process, team, clients, and culture."
3. D.E. Shaw - David Shaw
Net gains in 2016: $1.2 billion
Net gains since inception: $25.3 billion (1988)
Fund's assets under management: $27 billion
Highlights: D.E Shaw describes itself as a "global investment and technology development firm," and is the top ranked computer-driven hedge fund in the LCH Investments ranking.
2. Soros Fund Management - George Soros
Reuters/Jorge Silva
Net gains in 2016: Loss of $1 billion
Net gains since inception: $41.8 billion (1973)
Fund's assets under management: $28 billion
Highlights: Soros reportedly lost a lot of money in the aftermath of the surprise election of Donald Trump, who he has since called "an imposter and con man and a would-be dictator."
1. Bridgewater - Ray Dalio
Larry Busacca/Getty
Net gains in 2016: $4.9 billion
Net gains since inception: $49.4 billion (1975)
Fund's assets under management: $117.8 billion
"While there is a lot of potential to improve fiscal policies and make beneficial structural reforms (to enhance the business friendly environment, reduce regulatory inefficiencies, etc.), there is also significant risk that his populist policies could hurt the world economy (and worse)," Dalio said in a letter to investors.
In Davos, Dalio said: "I want to be loud and clear — populism scares me."
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