The top 25 hedge fund managers earned $11.6 billion in compensation in 2014, an average of $400 million each, even as hedge funds overall posted a mediocre year.
A survey by trade publisher Institutional Investor’s Alpha magazine (Credit: Randee Daddona), known as the Rich List, found that the No. 2 top earner last year was James Simons, founder of Renaissance Technologies, at $1.2 billion in earnings. Simons no longer runs his firm on a day-to-day basis, Institutional Investor said. He is the only person to make the Rich List ranking all 14 years.
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No. 4 Bill Ackman of Pershing Square Capital Management, was fourth on the list, earning $950 million in 2014. Ackman posted the highest gains among the managers on the Rich List. Pershing Square funds earned between 36% and 40.4% last year, the magazine said, helped in part by a bet on pharmaceuticals company Allegan Inc., which was sold last year to Irish rival Actavis.
No. 5 Israel (Izzy) Englander of Millenium Management right after Ackman with $900 million earning in 2014.
No. 7 Larry Robbins, of Glenview Capital Management with $570 million earning in 2014.
Many failed to qualify this year because they lost money in 2014. The list includes Omega Advisors’ Leon Cooperman, ESL Investments’ Edward Lampert and Paulson & Co.’s John Paulson.
Read the full list here
Out of the 25 top hedge fund managers in the US, 18 are Jewish:
George Soros ; David Tepper ; Steven A. Cohen ; John Paulson ; Carl Icahn ; James Simon ; Larry Robins ; Leon Cooperman ; Daniel Loeb ; Eddie Lampert ; Nelson Peltz ; Daniel Och ; Israel Englander ; David Einhorn ; Seth Klarman ; Marc Lasry ; Chase Coleman
Ray Dalio ; Kenneth C. Griffin ; Paul Tudor Jones ; Ole Andreas Halvorsen ; Christopher Hohn ; Robert Citrone ; James Dinan
