LI’s James Simons’ $1.2 billion earnings put him at No. 2 in 2014 hedge fund ranking
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.
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
Read more about: Bill Ackman, Business/Finance, Edward Lampert, ESL Investments, EUROMONEY INSTITUTIONAL INVESTOR PLC, Finance, Financial economics, Financial Services, Glenview Capital Management, Hedge, hedge fund, Human Interest, Investment, Israel (Izzy) Englander, Israel Englander, James Harris Simons, James Simons, John Paulson, Larry Robbins, Millenium Management, Omega Advisors’ Leon Cooperman, Paulson & Co, Pershing Square Capital Management, PERSHING SQUARE CAPITAL MANAGEMENT L.P., Renaissance Technologies, USD