The 20 highest-earning hedge fund managers and traders made $10.3 billion combined in 2018
The hedge fund industry had a miserable year in 2018. The average hedge fund manager returned -4.07%, according to HFR. That is slightly better than the U.S. stock market, which returned -4.38% last year. In total, the 20 highest-earning hedge fund managers and traders made a combined $10.3 billion in 2018. That’s a big number, but it is still the lowest such earnings figure since the financial crisis.
Ken Griffin used quantitative and fundamental trading techniques to help build Citadel into a $30 billion hedge fund firm. He had a solid year in 2018, continuing a terrific run that has gone on ever since the financial crisis almost destroyed his him. Citadel’s flagship hedge fund returned 9.1% last year. Its other hedge funds returned between 6% and 9% net of fees. Griffin earned an estimated $870 million last year.
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