The top 20 managers, led by Ken Griffin's Citadel, Bridgewater Associates and D.E. Shaw Group, made less than half of the $65.4 billion the group returned in 2021 when rising stock prices led to a record return. In comparison, they made $63.5 billion in 2020 and $59.3 billion in 2019.
Rick Sopher, chairman of LCH, a fund of funds firm that tracks returns and is part of the Edmond de Rothschild Group, said 2022 was a year of "great divergence" in which several of the top 20 managers managed to make gains for their investors despite the significant falls in equity and bond markets.index losing 20% and blue chip hedge fund managers like Tiger Global and Third Point nursing losses.
There was a shakeup among the very best performers as Griffin's Citadel, which earned $16 billion, moved into the top spot ahead of Bridgewater, which earned $6.2 billion.
Known as trimming the hedge year
Thoughts and prayers🙏
Ken and MANY others should be in prison for the whole GME thing...
I wish you would report the top 20 losers, too