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The list of the 20 best-performing hedge funds highlighted a joint victory that hasn’t been seen in more than a decade, but perhaps most striking is a spectacular loser who is dropped from the list.
Amount funds Renaissance technologies, the selection of which in trading is done by algorithm-based robots, noticed a sharp deterioration in the development of value compared to before.
Renaissance backgrounds Medallion is known to have had the incomparably strongest development in the history of an individual fund and at the same time is surrounded by great secrecy. During the year, however, several of Renaissance’s funds fell about 30 percent.
The hedge fund was founded in 1982 by James Simons, an award-winning mathematician who previously worked as a code breaker for the NSA, the US intelligence service for signal recognition.
“The conditions have undoubtedly benefited smart people over smart machines,” said Rick Sopher, president of LCH, in a statement.
The 20 most successful hedge funds earned more than half of the total $ 127 billion from the world’s hedge fund trading in 2020, according to the report.
The total figure of $ 127 billion is also clearly lower than in 2019, when industry profits totaled $ 178 billion.
On average, hedge fund development was an increase in value of 11.6 percent last year, which is clearly lower than the broad Wall Street S&P 500 index, which increased by 16 percent.
The funds that saw the best development were Chase Colemans Tiger Global, which made $ 10.4 billion. Israel English Millennium came in second with $ 10.2 billion and Steve Mandels Lonely pine ranked third with $ 9.1 billion. Andreas Halvorsens Viking Global Invaders made $ 7 billion and Ken Griffins Citadel made $ 6.2 billion.
At the bottom of the list is one of the most famous names in the industry: Ray Dalio, as with his Bridgewater Associates lost $ 12.1 billion. Despite this, Bridgewater certainly sits on the throne as the most successful hedge fund in history. The fund has earned $ 46.5 billion since its inception in 1975.
The financier George Soros with his Soros fund management, which no longer manages for outsiders, remains second on the list in hedge fund history.
