Markets

These were the top 15 highest-earning hedge funders in 2020

Hedge funds raked in big profits in 2020 amid a historically volatile market landscape. The leaders of 15 hedge funds earned a combined $US23 billion last year, according to a Bloomberg report. Listed below are the top 15 earning hedge fund managers of 2020, according to Bloomberg. Sign up here […]
These were the top 15 highest-earning hedge funders in 2020
Markets

The hedge fund industry raked in 12.3% last year, its largest annual return since 2009, as markets bounced back from coronavirus lows

Hedge funds enjoyed strong gains in 2020 as risk markets swiftly rebounded on recovery hopes and unprecedented stimulus. The average fund returned 12.3% in 2020, the largest annual return since 2009, according to analytics firm HFM. The hedge-fund industry’s assets under management ballooned 7.7% to a record $US3.5 trillion. Sign […]
The hedge fund industry raked in 12.3% last year, its largest annual return since 2009, as markets bounced back from coronavirus lows
Markets

Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that coronavirus would tank the market

Hedge fund billionaire Bill Ackman turned a $US27 million position into a $US2.6 billion windfall as the coronavirus dragged stocks to multiyear lows and threatened deep economic recession. Pershing Square Capital Management turned to credit protection on investment-grade and high-yield bond indexes to bet on an increased risk of corporate […]
Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that coronavirus would tank the market