$15.8 billion! 2021 the world's top15 most profitable hedge fund giant

Quantitative investment and machine learning WeChat official account , Is the industry vertical to Quantified investment 、 Hedge funds 、Fintech、 Artificial intelligence 、 big data The mainstream we media in other fields . The official account is owned by Public offering 、 private 、 brokers 、 futures 、 Bank 、 insurance 、 Colleges and universities Other industries 30W+ Concern , Won the 2021 year AMMA Excellent brand strength 、 Excellent insight Award , continuity 2 Tencent cloud + Selected by the community “ Author of the year ”.

According to Bloomberg's latest report ,2021 Years ago 15 The total income of the hedge fund giants is as high as  158+  Billion dollars ！ Compared with last year's 230 Billion dollars , The number has decreased .

How to calculate the list

The data of this list comes from the securities and Exchange Commission （SEC） The file of 、 Company website and news reports  .

Fee From regulatory filings and reports . Without disclosure , It is assumed that 2% Management fee and 20% Performance fee for . The management fee is not included in the profit .

Only the largest of the companies is analyzed 、 The most important hedge funds and long only funds .

Some hedge fund managers hold a large number of assets other than traditional hedge fund activities , Including venture capital or low-cost strategies , These are not included .

How much each hedge fund owner has invested in his own fund , This information comes from SEC file 、 The report and the calculations made by the Bloomberg billionaire index . The shareholding ratio of the company is based on the regulatory filing and reporting .

The total performance expenses are estimated based on the annual income data of the fund and the filing documents previously reported in the analysis . in the majority of cases , Assume that half of the performance fee is allocated to employees , Then invest in the company , The owner of the company charges the other half . for example ： The grand medal fund for Renaissance science and technology management 2021 Annual income information is unknown . Its performance is based on its 10 Estimated annual average performance .

When calculating the personal investment income of the fund manager , Excluding losses recovered in previous years . The best hedge funds this year did not make the list , Because they haven't made up for the losses of previous years . There are also some large hedge fund companies that do not have earnings data .

Hedge funds must manage funds for external clients , To be on the list .

List highlights

Ken Griffin In charge of Citadel Rushing back to the top of the list （2020 Year is the fifth ）！

Click to read the relevant content ：

Citadel helmsman ： Chicago's richest man Ken Griffin The adventure of making money

According to the eVestment The data of , As of last year 11 month , The overall growth of Multi Strategy funds 8.3%, Inflows exceed any other strategic Fund , Over the same period, it attracted investors 280 Billion dollars .

Multi Strategy Fund returns , Data from Bloomberg

meanwhile ,1 month 11 Japan , According to the Wall Street Journal ,Citadel Securities With 220 Billion dollars valuation completed 11.5 Us $100 million financing , Sequoia Capital and cryptocurrency investment company Paradigm Lead investment . Sequoia partners Alfred Lin Will also join Citadel Securities board of directors . This is a Citadel Securities The first external investment accepted , The investment will fund the company's continued global expansion , And it could be IPO The omen of .

Tiger Global Management founder Chase Coleman Fall off the list , Because his hedge fund is 2021 The last two months of the year were hit by the stock market turmoil . however ,Tiger Private equity has performed well , It eased the blow .

2020 Review of the annual list ：

Other fund managers who did not participate in the list include Viking Global Investor Of Andreas Halvorsen and Melvin Capital Management Of Gabe Plotkin. Both hedge funds reported their biggest annual losses in history last year . Understand everything ~

meanwhile , By expansion and Element Capital Wait for macro funds to feel difficult .Element Capital The founder of Jeff Talpins Also disappeared from Bloomberg's ranking list . And 2020 Compared to , This is an obvious change .

Flagship fund returns

2021 year , All flagship funds have positive returns , But still behind S & P 500 Index ：

Talk about the number one Senvest.1997 year ,Richard Mashaal founded Senvest Management,AUM exceed 10 Billion dollars .

Headquartered in Montreal Senvest Capital Only in 2021 year 1 In January, I made money 1.23 Billion dollars , And in GameStop Made a long bet , Its earnings soared during the month 1625% .

The data come from ： Bloomberg

According to regulatory documents ,Senvest Capital Controls the Senvest Management LLC, The latter is GameStop The seventh largest shareholder of .

We found that , Sir Simmons' Renaissance technology is 2020 It was a miserable year ！

stay 2021 At the beginning of the year , The official account reports an article ：

The Renaissance was redeemed by a large amount ！

since 2020 Since the end of the year , Bloomberg has been tracking Renaissance technology's monthly redemptions . Although most of the money is in 2021 It has flowed out before the middle of the year , But then about 37.5 An outflow of $billion .

In the past 14 In the months , Renaissance technology has 146 A $billion redemption ：

The data come from ：Investor documents

Renaissance technology has also been telling investors , These three public funds are traded in the same way as Medallion Different , But many investors don't believe what Renaissance technology says . Until 2020 After a bad performance in , People believe that this is true ！

Although the three funds of Renaissance technology are 2021 Achieved double-digit earnings in all years , But most of them were realized in the last month of the year . None of these funds surpass S & P 500 Index 27% The gains , But its performance has exceeded HFRI Asset weighted composite index 7.5% The gains .

Renaissance technology said in a document at that time , The beta model that the company helps determine its public fund portfolio exposure is in 2020 year 3 Monthly failure , During fluctuations “ Not performing as expected ”. These funds were under hedged during the month's crash , Later, with the market from 4 Month to 6 Month's rebound and over hedging . stay 2020 year 9 In June, he told investors , This is because its trading model is very sensitive to the initial problem “overcompensated”.

Most of the money comes from Renaissance technology's largest hedge fund ——Institutional Equities Fund（ abbreviation ：RIEF）. stay 2019 year 12 Month to 2021 year 11 During the month , The combination of redemption and performance has led to the shrinkage of its assets 40% . meanwhile , be known as RIDA Of Renaissance Institutional Diversified Alpha fund（ abbreviation ：RIDA） and Institutional Diversified Global Equities funds（ abbreviation ：RIDGE） The asset losses are 67% and 49% .

The data come from ：Investor documents

In any case, Mr. Simmons's past experience and spirit are still worth learning ！

These two articles were compiled and translated by all the members of the official account , I hope you can read it well ：

2019 Simmons interview 1 ： Quantitative strategy 、 Careers and transactions

2019 Simmons interview 2 ： mathematics , A lifetime love ！