Israel “Izzy” Englander, chairman and president of Millennium Management LLC.
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The 25 highest-paid hedge fund supervisors made a record $32 billion in 2020, up more than 50% over 2019, according to Institutional Investor’s Rich List.
An overall of 15 hedge fund supervisors made $1 billion or more, compared to just 8 in 2019. The huge gains throughout the coronavirus pandemic, paired with the general public argument over hedge funds in the wake of the GameStop debate, is most likely to draw criticism from legislators and the general public over hedge fund pay and fairness in monetary markets.
The leading earner was Israel “Izzy” Englander of Millennium Management, making $3.8 billion. His flagship fund was up 26% in 2015, which was its finest return in 20 years. Like a number of the top-performing funds in 2015, Millennium relies more on stock selecting than quantitative methods utilizing computer system algorithms.
In 2nd location is Jim Simons of Renaissance Technologies, who made $2.6 billion. His financiers, nevertheless, didn’t do too. Renaissance Technologies’ 3 primary funds for outdoors financiers were down 20% to 30%, according to report. But its Medallion fund, which is primarily for staff members, was up 76%. Simons retired as chairman on Jan. 1.
Chase Coleman of Tiger Global can be found in 3rd location, with a $2.5 billion payday. The fund was an early financier in tech stocks and abroad plays that succeeded throughout the pandemic, offering his fund a 48% return. His partner Scott Shleifer, the head of Tiger’s personal equity service, was connected for 8th with $1.5 billion. Shleifer simply purchased the most pricey house ever offered in Florida, paying more than $130 million for a freshly developed estate in Palm Beach.
Ken Griffin of Citadel, who is at the center of the GameStop argument, can be found in 4th, with $1.8 billion as his fund was up 24%. Steve Cohen of Point72 Asset Management, who owns the Mets, was connected for 5th, in addition to David Tepper, both at $1.7 billion.
Correction: An earlier variation of this story improperly associated Mets ownership.