Profits boom at top 20 funds including TCI, Citadel, Viking and Pershing Square thanks to rebound in stock markets
Billionaire hedge fund managers Chris Hohn and Ken Griffin led the industry to record profits last year as bets on the stock market paid off handsomely for clients.
The top 20 hedge fund managers made $67bn (£53bn) in profits for investors in 2023, as the industry made combined profits of $218bn, topping the previous record of $65bn set in 2021.
TCI Fund Management, which is run by British billionaire Hohn, who paid himself $346m last year, topped the list making $12.9bn for clients.
Citadel, founded by the US billionaire Ken Griffin, who has been involved in a bid for the Telegraph newspaper with the co-owner of GB News, ranked second, making $8.1bn.
Hes not a better billionaire, he has better PR and he knows to shut up and disappear when hes the one being an asshole, like during the rail workers strike. Not every billionaire has the disease Trump and Elon have where they don’t know how to shut up. And there are much worse people, who get away with it, because they know how to shut up. Honestly its so bad with them that I bet if Trump simply knew when to shut up he’d be aquited by now.