Israel Englander of Millennium Management earned $ 3.8 billion last year, making it the biggest payday of any hedge fund manager in 2020, according to Institutional Investor.
Englander more than doubled its $ 1.5 billion payday in 2019 and made $ 2 billion more than last year’s top executives, Chris Hohn and Jim Simons, while making gains of 26 percent for its investors.
The top 10 hedge fund managers earned $ 20.1 billion globally in 2020, up 50.2 percent from $ 13.4 billion in 2019 amid volatile markets amid the coronavirus pandemic.
According to Hedge Fund Research, hedge funds averaged 11.7 percent in 2020 due to a huge sell-off in March and major economic stagnation following the emergence of the novel coronavirus.
The top 10 achieved an average return of 43 percent in 2020, with Coatue Management averaging 65 percent, Renaissance Technologies 76 percent and Tiger Global Management 48 percent, according to Institutional Investor data.
All of the top 10 hedge fund managers made over $ 1 billion in 2020, compared to eight in 2019.
Simons of Renaissance Technologies made $ 2.6 billion last year while Chase Coleman of Tiger Global Management made $ 2.5 billion Ken Griffin from Citadel ended up $ 1.8 billion.
Pershing Square Bill Ackman finished last in the top 10 with a $ 1.4 billion paycheck after not being on the list in 2019.
