25 highest-paid hedge fund managers made $32 billion in 2020, a record | Metals Mine

  • 25 highest-paid hedge fund managers made $32 billion in 2020, a record

    From cnbc.com

    The 25 highest-paid hedge fund managers made a record $32 billion in 2020, up more than 50% over 2019, according to Institutional Investor’s Rich List. A total of 15 hedge fund managers made $1 billion or more, compared with only eight in 2019. The big gains during the coronavirus pandemic, coupled with the public debate over hedge funds in the wake of the GameStop controversy, is likely to draw criticism from lawmakers and the public over hedge fund pay and fairness in financial markets. The top earner was Israel “Izzy” Englander of Millennium Management, earning $3.8 billion. His flagship fund was up 26% last ... (full story)

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trumps
Feb 22, 2021 11:55am
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How could they not!?

With the dramatic effects of:

1) COVID

2) Then the subsequent rescue mission (stimulus),

It was simply

1) Shock

2) Then the subsequent Awe.

Learning from the market reactions to these shock and awe times of the GFC, the market is gifting money to those watching the volatility, and understanding the pricing in of Fed/Govt policies of keeping the market afloat (we are too soft to endure depressions now).
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John Milner
Feb 22, 2021 10:33am
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So, what that really means is that these mgr were successful with all the investors! They take other peoples money and make a good return for them, but leftist all want to make it seems these mgr make too much? Excuse me but I want my money with a successful mgr!!!
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kingleeny
Feb 22, 2021 12:05pm
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thanks for the note.
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TCentral
Feb 22, 2021 12:40pm
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its a billion per person, not a big deal after all. the question in the history books will remain - WHY when all middle and small go broke, some get ballooners, yep, normal stuff.
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harcos
Feb 22, 2021 5:03pm
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It a headline nothing more. I don't know how many hedge funds there are but if the top 25 made 32B how much did the bottom 25 make/or lose?
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Trader#041E
Feb 22, 2021 12:59pm
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But it follows the rules of common sense and economics. These people are highly valued because only a relative few can deliver the kind of financial value they deliver. I will confess I have no clue what a fund manager really does because I have never bothered and have not time now. Though sometimes I wonder, but conclude on the chance that all they do as with other businesses, is organize things so we get the kind of results associated with them and them alone more or less. Regardless, no one values a professor of economics or something or rather, anything near that. Which is because a professors skill in almost anything is not as comparatively scarce as the skills these fund managers have. Much like star athletes and the lot. Anyway no skin of my nose really.

The Crow (-_-)
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Trader#2519
Feb 22, 2021 3:53pm
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It's all about the price action. The 'big boys' need to trade and they cannot hide their actions. All we, 'little boys' need to do is follow along. The number one issue is: do we have the stamina, patience and balls to take the trades lying out there in the open? Rhetorical question of course. 'May the forces of evil get confused on the way to your house.' - as opposed to Have a great day at trading.
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