As many, world’s richest hedge fund managers struggled in 2016 to keep up with U.S. financial market, but they still remain main players.
George Soros is the world’s richest hedge fund billionaire with an estimated net worth of $25.2 billion, according to Forbes’ World’s Richest Hedge Fund Billionaires 2017.
In this prestige list:
James Simons, Renaissance Technologies, was up 21.5% net of fees in 2016. The firm world’s richest hedge fund now manages some $36 billion. Simons’ estimated net worth has reached $18 billion.
Steve Cohen, (former SAC Capital), one of the most successful hedge fund managers ever and has a net worth of $13 billion. He now managing family office, Point 72 Asset Management due to ban on managing non-family money expires January 2018.
David Tepper, with a net worth of $11 billion, his hedge fund firm Appaloosa Management, now manages some $17 billion. his funds posted returns in the middle single digits in 2016.
John Paulson remains one of the world’s richest hedge fund, even after his net worth drop by nearly $2 billion in 2016 to $7.9 billion. He suffered several wrong way trades in the pharmaceutical stocks like Mylan, Allergan and Teva. including bets on a Greek recovery and the island of Puerto Rico.
More on this list: Ray Dalio, Bridgewater and Ken Griffin’s Citadel.