Billionaire Andreas Halvorsen’s Top 10 Stock Picks
The billionaire Andreas Halvorsen’s Viking Global Investors LP has beaten the broader market index in 2020 by returning 25% after management and performance fees. This is not the first time the Greenwich-based hedge fund has topped the market indices. Between 1999 to 2009, Viking Global’s Equities III fund has generated average returns of 22%. Moreover, its returns stood around 119% between June 2005 and March 2010, outperforming the MSCI World Index return of 11%.
Viking Global hedge fund has also seen several down years. For instance, the fund lost 4% net of fees in 2016 mainly due to bets on pharmaceutical stocks.