Bridgewater’s Dalio Now Has the Most Profitable Hedge Fund

17-Feb-2016

I like this.

Be Sociable, Share!
-->

By







 

Ray Dalio of Bridgewater Associates overtook billionaire George Soros in 2015 as the man behind the hedge fund that has made the most money for investors in the history of the industry, according to an annual ranking.

Dalio’s Bridgewater Pure Alpha fund, set up in 1975, has earned $45 billion in absolute terms through last year, according to estimates by LCH Investments NV, a London-based firm that invests in hedge funds. Soros’s Quantum Endowment Fund, dating to 1973, has made $42.8 billion, LCH said in the ranking published Tuesday.

Pure Alpha and Quantum Endowment have $82.3 billion and $29 billion respectively in funds.

The 20 most profitable hedge funds for investors earned $15 billion last year while the rest of the industry collectively lost $99 billion, LCH said. Those top managers have made 48 percent of the $835 billion in profits that the hedge fund industry has generated since its inception.

“Over the past 10 years, which includes the period of the global financial crisis, the top 20 managers collectively made $304.8 billion,” Rick Sopher, chairman of LCH Investments, said in the report. “This is a staggeringly good return, showing that it is possible to make significant profits for investors, even in the most challenging of conditions.”

Lansdowne Developed Markets and Maverick funds are new entrants to the top-20 list after making nearly $12 billion each for their investors. Bill Ackman’s activist hedge fund firm Pershing Square and hedge fund ESL moved off the list, LCH said.

Hedge Fund Net Gains ($ bln)
Since Start
Net Gains ($ bln)
2015
Year Founded
Bridgewater Pure Alpha 45.0 3.3 1975
Quantum Endowment Fund 42.8 0.9 1973
Appaloosa 22.8 1.0 1993
Baupost 22.6 -0.8 1983
Viking 22.5 1.7 1999
Lone Pine 22.4 1.2 1996
Paulson & Co 21.4 -2.1 1994
SAC/Point72 19.7 1.7 1992
Elliott Associates 18.5 0.5 1977
Moore Capital 18.1 0.6 1990
Farallon 17.7 0.3 1987
Brevan Howard 17.1 -0.3 2003
Millennium 17.1 3.5 1989
Och Ziff Master Fund 15.2 -0.1 1994
Caxton Global 14.6 0.2 1983
King Street Capital 13.6 -0.5 1995
Highfields 12.6 0.6 1998
Maverick 12.0 1.1 1995
Lansdowne Dev. Markets 11.8 2.1 2001
Tudor BVI Global 11.5 0.1 1986
http://www.bloomberg.com/news/articles/2016-01-26/bridgewater-s-dalio-trumps-soros-as-most-profitable-hedge-fund
Be Sociable, Share!
Tags: , , , , , , , , , , , , , , , , , , , , , , ,

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

Subscribe without commenting









Loading...
Join Oxstones Investment Club's Daily Newsletter