Jim Simons, the investor who founded the hedge fund Renaissance Technologies, made $1.7 billion last year, according to Institutional Investor. Simons ranked second on the publication's annual hedge fund rich list, behind Citadel CEO Kenneth Griffin.
To determine the highest-earning hedge fund managers and traders of 2016, we examined hedge fund returns and worked to understand the fee and ownership structure of a wide array of money management firms. Hedge fund firms generally charge management fees of 2% and performance fees that give them 20% of the trading profits, but we found all sorts of variations on this theme.
Everyone’s talking about how well the CQS founder Michael Hintze is doing this year. With year-to-date returns of a whopping 27.44% in his Directional Opportunities fund, 14.33% in his ABS Feeder Fund, 7.48% in his Conv & Quant Strats Feed Fund, and 12.47% in his Diversified Fund (managed by James Peattie), Hintze is killing it.
Israel Englander (born 1948) is an American investor, hedge fund manager, and philanthropist. In 1989, he founded his hedge fund, Millennium Management, with Ronald Shear. The fund was started with $35 million and as of February 2017 has $34.77 billion in assets under management.