The World's Highest-Earning Hedge Fund Managers

Hedge funds have had to cut their losses after a group of amateur traders came together to push up shares in GameStop.

Niall McCarthy

Hedge funds have had to cut their losses after a group of amateur traders came together to push up shares in GameStop.

the world s highest earning hedge fund managers

A Fedex deliveryman prepares a package for a GameStop store in the Manhattan borough of New York City, New York, on Wednesday. Photo: Reuters

The story is barely believable but Main Street has, temporarily at least, managed to turn the tables on Wall Street. Hedge funds have had to cut their losses after a group of amateur traders came together to push up shares in GameStop. The action taken by the group on Reddit led to some high-profile firms experiencing heavy losses. Well known managers Steve Cohen and Dan Sundheim were among those impacted.

Hedge fund managers tend to earn whopping sums of money and in 2019, the 25 highest earners pocketed a collective $20.2 billion, according to a ranking released last March by Institutional Investor. That year, Chris Hohn and James Simons made the most cash with $1.8 billion each, followed by Ken Griffen and Izzy Englander who took home $1.5 billion.

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This article was originally published on Statista.

This article went live on January thirtieth, two thousand twenty one, at ten minutes past eleven in the morning.

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