Bill Ackman's Pershing Square back in ranks of world's 20 top hedge funds
The top 20 funds generated 31% of all gains in the hedge fund sector in 2023 and 83% of net gains over the past three years
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The top 20 funds generated 31% of all gains in the hedge fund sector in 2023 and 83% of net gains over the past three years
No other hedge fund comes close to Ken Griffin’s $74 billion in all-time gains, according to a new LCH Investments report ranking top 20 all-time managers, but one British fund generated more gains in 2023.
(Bloomberg) -- Billionaire money managers Chris Hohn and Ken Griffin led hedge funds to deliver one of the best years for clients in 2023.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHedge Funds Rake in Huge Profits Betting on Catastrophe RiskGloom Over China Assets Is Spreading Beyond Battered StocksPutin Orders Hunt for Property of Russian Empire, Soviet UnionTrump Retires ‘DeSanctimonious’ Insult After DeSantis Backs HimThe industry produced combined
Profits boom at top 20 funds including TCI, Citadel, Viking and Pershing Square thanks to rebound in stock markets
Ken Griffin’s Citadel has emerged as the hedge fund kingpin for the second year in a row, according to the annual ranking of the top 20 money managers by LCH…