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(Bloomberg) -- Before calling it quits, hedge fund chief George Weiss searched for a buyer for his $3 billion firm — talking to prospective suitors over the past year including Millennium Management.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Takes a Breather Before Inflation Data: Markets WrapThese Are the Best Countries for Wealthy Expats‘Oppenheimer’ Wins Seven Oscars Including Best Picture, DirectorWeiss Multi-Strategy Advisers had lacklu

For hedge-fund investors, understanding how a firm plans to manage its costs and talent is more important than the top trades from last year.

Billions of dollars have poured into multimanager firms in the past few years, but few have managed to match the success of Citadel, Millennium and Point72.

Bill Ackman of Pershing Square earned $610 million and ranked No. 7 on Bloomberg's list of highest-paid hedge fund founders in 2023.

Pershing Square Capital Management's billionaire founder and CEO Bill Ackman reportedly raked in $610 million in 2023 by barely touching his portfolio of just 10 stocks.