Christopher Hohn of TCI Fund Management and James Simons of Renaissance Technologies Top Institutional Investor’s Rich List
Eight hedge fund managers earned more than $1 billion each in 2019
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E-mailNEW YORK, March 26, 2020 (GLOBE NEWSWIRE) -- TCI Fund Management founder Chris Hohn and Renaissance Technologies founder James Simons both nabbed the top spot on Institutional Investor’s 19th annual Rich List ranking of the top-earning hedge fund managers, earning roughly $2 billion each in 2019.
Jim Simons remains the sole person to qualify for the Rich List in all 19 years of its existence.
Citadel’s Kenneth Griffin and Millennium Management’s Israel Englander tied for the second spot, with 2019 earnings of $1.5 billion each. Chase Coleman of Tiger Global Management rounds out the top five, having earned $1.4 billion last year.
The 25 top-earning hedge fund managers took home a combined $20.2 billion in 2019 — the most since calendar year 2013 and a stunning 76 percent increase over the previous year’s ranking, when the top 25 managers netted a combined $11.5 billion.
Each year, II determines the 25 hedge fund managers who personally earned the most money in a single year. To calculate earnings, we count gains on managers’ own capital invested in their funds, as well as shares of the firms’ total fees. When calculating the gains generated by managers’ own money, we do not take into consideration a high-water mark. In many cases, the gains on their capital play a major role in the ability of managers to qualify for the ranking.
The full Rich List, including manager profiles, can be viewed at www.institutionalinvestor.com
The 2019 Rich List — Top Ten
| 1 | (Tie) Christopher Hohn (TCI Fund Management) | $1.8 billion | ||
| 1 | (Tie) James Simons (Renaissance Technologies) | $1.8 billion | ||
| 3 | (Tie) Kenneth Griffin (Citadel) | $1.5 billion | ||
| 3 | (Tie) Israel “Izzy” Englander (Millennium Management) | $1.5 billion | ||
| 5 | Chase Coleman (Tiger Global Management) | $1.4 billion | ||
| 6 | Steven Cohen (Point72 Asset Management) | $1.3 billion | ||
| 6 | David Tepper (Appaloosa Management) | $1.3 billion | ||
| 8 | Ray Dalio (Bridgewater Associates) | $1.1 billion | ||
| 9 | Steve Mandel Jr. (Lone Pine Capital) | $850 million | ||
| 10 | Nelson Petz (Trian Partners) | $835 million |
About Institutional Investor For 53 years, Institutional Investor has built a reputation for providing award-winning editorial content for the world's most influential decision makers in global asset management and banking. This prestigious audience relies on Institutional Investor to provide in-depth coverage of the people and events impacting the world’s economy and all facets of institutional asset management. Institutional Investor offers highly respected proprietary benchmark research and rankings on buy-side and sell-side research, hedge funds, corporates, fixed-income and asset management, and has a proven history of anticipating the personalities and trends most likely to influence the global financial markets. For more information visit institutionalinvestor.com.
Contact: Kip McDanielEditor, Institutional Investor (212) 224-3696; [email protected]
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