Top #HedgeFunds rake it in in 2023

Another banner year for the leading Hedge Fund managers!

Top #HedgeFunds rake it in in 2023

• Hedge Funds produced combined gains worth $218BN after fees, according to fund of hedge funds LCH Investments.

• Chris Hohn's TCI Fund Management made $12.9BN, followed by Ken Griffis' Citadel with $8.1BN, returning ~25% & ~14%, respectively.

• Top 20 firms, which oversee less than 20% of industry's assets, generated $67BN or roughly 1/3 of the gains last year.

• The top grouping gained 10.5% in 2023, outperforming the average hedge fund which returned 6.4%.

• Over the past three years, the top 20 have generated 83% of the absolute gains made by all hedge fund managers.

See the full article on Bloomberg here:

https://www.bloomberg.com/news/articles/2024-01-22/hedge-funds-cap-bumper-year-for-profits-tci-citadel-lead-pack

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