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丰富的名单

What the world’s richest hedge fund managers made in 2018 — and how they made it.

From the Apr 2019 The Rich List 2019

万岁,达里奥国王!Bridgewater Associates的创始人声称在亚博赞助欧冠富裕的名单 - 自2011年收入以来首次推动他到1号现货。他是如何在2018年进行的,一年的三分之二的对冲基金丢失钱?继续阅读以了解,并查看其他管理者 - 一些长期富裕的名单成员,一些首次定时器 - 使我们的第18个年度富人列表排名。

1Ray Dalio

Bridgewater Associates

2019年:20亿美元
2018年排名:4(13亿美元)

Ray Dalio recently made headlines when he declared in an essay that capitalism is “not working well for the majority of Americans,” citing what he feels is a frighteningly widening gap between the haves and have-nots. But last year capitalism worked pretty well for Dalio himself.

The macro maven tops this year’s Rich List after his flagship Pure Alpha macro strategy posted a 14.6 percent gain, its best performance since 2011. That netted Dalio a $2 billion payday. As亚博赞助欧冠以前计算过,如果他在24/7工作,每天每天约550万美元,或者每小时228,310美元。

Dalio, whose Bridgewater Associates is the world’s largest hedge fund firm, with $137 billion in assets, had been bearish for about a year and a half, which helped drive Pure Alpha’s gains last year.

“We don’t know exactly how far we are from the top in the stock market and then the economy,” Dalio wrote in February 2018 on LinkedIn, his favorite forum for communicating publicly. But he recently softened that stance, writing in late February 2019 that he is less worried about a recession now that growth is plunging.

今年2月,他在LinkedIn上写道:“由于市场疲软,美联储官员现在看到经济和通胀疲软,美联储已经转向更为宽松的立场。”。“同样,由于其他国家的市场、经济和通胀率较弱,其他央行也变得更倾向于放松,尽管它们放松的空间不如美联储。”

达利奥最近发表了一本新书,应对重大债务危机的原则继他的第一本书出人意料的成功之后,Principles: Life and Work那published in 2017. That book is based on the firm’s famous Principles document, the driving force behind Bridgewater’s unusual — and sometimes controversial — corporate culture, which emphasizes radical transparency.

2詹姆斯西蒙斯

复兴科技

2019年:15亿美元
2018 rank: 1 ($1.7 billion)

一切都是相对的 - 特别是在表现出现时。复兴机构股市基金去年返回了8.52%,这是六年的第一次未能在两位数中产生回报。But that gain qualifies as a stellar return for Simons’ computer-driven fund, given its mandate to generate gross annual returns of 4 to 6 percentage points above the S&P 500 over rolling three- to five-year periods using average leverage of about 2.5 to 1. Last year the index fell 4.4 percent.

公司’s Renaissance Institutional Diversified Alpha Fund rose 3.23 percent last year. Those gains helped Simons to No. 2 on the Rich List, after he topped the ranking the previous two years.

西蒙斯是富豪榜的常客,他也分享了这些战利品。去年年底,纽约州立大学董事会批准将石溪大学医学院更名为石溪大学复兴医学院。多年来,超过100名现任和前任复兴员工向该校捐赠了约5亿美元。石溪此前命名为西蒙斯几何和物理中心,以纪念西蒙斯和他的妻子玛丽莲。

慈善的西蒙斯也花了一些他对自己的巨大财富。Superyachtfan.com最近突出了西蒙斯和他的222英尺游艇,Archimedes那which sleeps 12 passengers and a crew of 18 and boasts a swimming pool and a grand piano, among other amenities, the report says. Simons also owns a $70 million Gulfstream G650 private jet, according to the website.

3.格里芬

堡垒

2019: $870 million
2018年排名:3(14亿美元)

城堡在对冲基金的困难环境中享受了一个强大的一年。Multstrategy Giant去年在其旗舰惠灵顿基金中发布了9%以上,拓扑了大多数其他多名多良资金。CITADEL的全球固定收益基金于2018年上涨了6.59%,全球股市增长了5.92%。

惠灵顿在其所有五个核心策略中赚钱,由其股票战略领导,这占据了基本,界定的市场中立方法。商品是第二大贡献者,其次是量化策略。

Even so, Griffin saw his total earnings decline by nearly 40 percent. But that hasn’t slowed his spending, particularly when it comes to his considerable real estate empire. Earlier this year, Griffin plunked down about $238 million for a New York City penthouse, setting the record for the highest amount ever paid for a home in the U.S., according toThe Wall Street Journal,并斥资1.22亿美元购买了一套伦敦住宅。他也是一位雄心勃勃的慈善家,迄今已捐赠了7亿多美元。

Earlier this year, Citadel reportedly told clients it is shutting down its Aptigon Capital stock trading unit after Eric Felder, who had headed up the unit, left the firm.

4.John Overdeck,David Siegel(领带)

两个西格玛

2019: $820 million
2018年排名:10(5.7亿美元)

去年可能对股市不利,但对量化巨人二西格玛及其两位创始人约翰·奥弗代克(johnoverdeck)和大卫·西格尔(davidsiegel)来说却是好事。尽管股市普遍亏损,但该公司2018年的业绩远强于上年。该公司的频谱基金回报率为9.9%,指南针基金增长13.9%。

As a result, the firm generated $3.2 billion in net gains for investors last year, landing it on an annual list of the most successful hedge funds of all time — by returns generated for their investors — published by LCH, a fund-of-funds firm. Two Sigma has generated $15.2 billion for its investors since its inception, according to LCH. Two Sigma now manages $59 billion, making it one of the world’s biggest hedge fund firms.

Overdeck and Siegel met at D.E. Shaw, where Overdeck headed up Japanese equity and equity-linked investments and supervised the firm’s London investment management affiliate. The low-profile fund manager has focused his philanthropy on mathematical literacy. The Overdeck Family Foundation, the Siegel Family Endowment, and the Robin Hood Foundation teamed up in 2015 to establish the $25 million Learning + Technology Fund, hoping to boost technology’s role in teaching low-income students in New York City.

由Laura Overdeck主持的上层甲板基金会强调提供教育机会,重点是早期儿童、教育工作者、校外干(科学、技术、工程和数学)培训,以及数据的使用。在D.E.Shaw工作之前,Overdeck是亚马逊的副总裁。



2019: $820 million
2018年排名:10(5.7亿美元)

两个西格玛founders David Siegel and John Overdeck have referred to the quantitative fund management firm as a tech company that happens to invest. In an interview with Bloomberg last year, Siegel elaborated on that thinking.

“我们的愿景是关注dat的功能a science,” he told the newswire. “We think of investing as a data science problem. We think that by incorporating more and more information on the world into making investment decisions, we can do a better job.”

To that end, last year Two Sigma brought in Mike Schuster from Google Brainteam to expand its artificial intelligence efforts. Schuster reports to chief technology officer and Google alum Alfred Spector.

Earlier this year the Massachusetts Pension Reserves Investment Trust approved investing as much as $500 million in Sightway Capital, a Two Sigma company focused on private equity investments. Last year, Sightway raised $216 million for a collateralized fund obligation backed by stakes in 32 private equity funds.

2017年,Siegel很荣幸 - 随着技术和投资管理的先驱的成就院 - 以及成就院。他的Siegel家族禀赋支持有助于为技术的影响做好准备社会,为组织提供资金,包括划痕,通过编码和努力等教育孩子和社会等社会问题的努力,这些研究所可以从普遍的技术中出现。

6.Israel (Izzy) Englander

Millennium Management

2019:7.5亿美元
2018 Rank: 5 ($975 million)

Izzy Englander’s Millennium Management was one of the top-performing multistrategy firms last year, with its Millennium USA fund returning nearly 6 percent and its offshore counterpart gaining nearly 5 percent. That was enough to land Englander on the Rich List for the 17th time.

Millennium cut its exposure by 20 percent in October amid the global stock market sell-off, according to an investor in the firm’s funds. As a result, the fund made money in December, when stocks once again sharply declined.

这一表现无疑有助于千年发展目标的提高37亿美元在去年年底,对于一个新的五年股票,将投资者赎回限制在每季度5%,而较为普通政策,每季度为25%。这使得该公司的总资产达到年末至379亿美元。新的千年类别占公司总资本的10%。

Englander, the son of Polish immigrants, grew up in Brooklyn’s Crown Heights neighborhood. Englander and his wife, Caryl, donate large sums of money each year to a wide array of Jewish organizations and yeshivas, as well as to hospitals. He otherwise maintains a fairly low public profile.

7.Crispin Odey

欧迪资产管理公司

2019:5.3亿美元
2018年级:没有资格

克里斯平·奥迪的痴迷的熊市——这在过去让他付出了巨大的代价——终于在去年得到了回报。这位奥迪资产管理公司(Odey Asset Management)创始人在其旗舰欧迪(Odey)欧洲基金(European fund)在股市下跌中实现53%的涨幅后,从笑柄变成了股市预言家。在连续三年两位数的亏损之后,这一惊人的回报率,包括2016年约50%的跌幅和2017年近22%的跌幅。因此,总部位于伦敦的Crispin Odey在1991年创立了自己的公司,他第一次严格按照自己的基金资本收益获得了富豪榜的资格。

支持脱欧的奥迪押注英国经济,做空当时的英国货币和政府债券。去年,该基金对英国政府债券和日本政府债券进行了大规模的负面赌注。金融时报report. It also had a smaller short position on controversial electric carmaker Tesla. In addition, it made some money shorting U.K. shopping center owner Intu Properties after a proposed takeover collapsed, according toThe Guardian

Odey的看跌并没有动摇 - 损害了odody欧洲人。根据投资银行汇丰银行回报的投资银行汇丰银行的文件,该基金在第一季度损失了10%以上。

8.肖大卫

D.E. Shaw Group

2019:5亿美元
2018年排名:8(6亿美元)

D.E. Shaw’s flagship fund wasn’t just one of the top-performing multistrategy hedge funds last year — it was one of the best-performing hedge funds, period. The D.E. Shaw Composite Fund, which mixes quantitative and fundamental strategies, gained 11.2 percent after surging 3.6 percent in December. This topped its performance in the previous year, when the fund gained 10.2 percent.

该表现有助于解释为什么本月早些时候宣布的为什么将基金的管理费恢复为3%及其激励费,从明年开始。2011年后,费用从该水平降至2.5和20。

去年,D.E.Shaw告诉客户将返回其Oculus基金产生的一些利润,2018年返回6%。其价基金今年上涨7.9%。

然而,创始人大卫·肖几乎无事可做this performance. He has not run D.E. Shaw on a day-to-day basis since 2001. The firm — which managed roughly $50 billion in invested and committed capital as of December 1 — is run by its executive committee: Anne Dinning, who rejoined the committee earlier this year after stepping down and moving to a part-time role in 2017; Eddie Fishman; Julius Gaudio; Max Stone; and Eric Wepsic.

These days, Shaw spends most of his time as chief scientist of D.E. Shaw Research and as a senior research fellow at the Center for Computational Biology and Bioinformatics at Columbia University. But he is said to remain involved in certain high-level strategic decisions at D.E. Shaw.

9.切斯·科尔曼

Tiger Global Management

2019年:4.65亿美元
2018年排名:8(6亿美元)

蔡斯•科尔曼(Chase Coleman)是朱利安•罗伯逊(Julian Robertson)执掌的老虎管理公司(Tiger Management Corp.)的后代,他从这位传奇基金经理那里获得了种子资金,并在去年坚定地巩固了自己作为首席长短股票对冲基金经理之一的地位。

他的公司公布了其多空基金Tiger Global Investments 13.6%的净收益。该基金的所有资金都来自空头头寸和私人投资。该公司唯一的多头基金Tiger Global long Opportunities去年上涨3.4%,尽管第四季度亏损12.7%。

In October, Tiger Global’s venture capital operation raised $3.75 billion for Private Investment Partners XI, its 11th venture capital fund. The hedge funds and long-only funds also allocate small portions of their equity to private companies as part of their strategies.

Last year, Coleman and his wife, Stephanie, invited a select group to a post-gala party at their $52 million, East 66th Street co-op apartment, where they spent the evening playing beer pong and spray-painting the walls. The revelers included Paris Hilton and Keith Richards’ daughter Theodora, according to第六页. 科尔曼一家准备将他们在2016年购买的15个房间的公寓与他们在上面拥有的两个公寓合并。

10.艾伦霍华德

布雷文·霍华德

2019:390万美元
2018年级:没有资格

以伦敦的宏观专家Alan Howard在七年的中断后返回丰富的清单 - 自从金融危机以来的公司发布最佳收益的结果。

去年,Brevan Howard母基金上涨14.2%,创下2009年以来的最高表现。霍华德亲自管理的AH母基金飙升了30%。它只收取0.75%的管理费。但是30%的演出费。

公司neededa good year: It had lost money in three of the four previous years as firmwide assets plunged to a low of $6.3 billion in 2018, from a peak of more than $40 billion in 2013. And on the back of a strong May (up 8 percent in that month alone) and a winning short on Italian government bonds, Brevan Howard had just that. (However, its Brevan Howard AS Macro Fund, a new macro fund, was up only about 0.45 percent in its first year.)

Howard previously worked on the Eurobond desk at Salomon Brothers, immortalized in Michael Lewis’s book骗子的扑克。他搬到了托克银行伦敦证券公约,以欧洲的利率交易,然后信用瑞士瑞士第一个波士顿,他是一名交易员,然后是欧洲固定收入的专有交易主管。2002年,他推出了Brevan Howard旁边的同胞牛仔菲利普·博尼特,克里斯托弗·罗克斯,詹姆斯弗农和Trifon Natsis。




每年,确定在一年内亲自获得最多的金钱的25个对冲基金经理。我们计算经理人自己的资本投资资金,以及公司的总费用。计算管理人员自己的钱产生的收益时,我们不考虑高水位标记。在许多情况下,他们首都的收益在管理人员资格获得排名的能力中发挥了重要作用 - 今年尤其如此。

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