• Richest Hedge Fund Managers 2011 – Hedge Fund Billionaires

    Posted date:  April 13, 2011  |  No comment

    This 25th year of tracking global wealth was one to remember. The 2011 Forbes Billionaires List breaks two records: total number of listees (1,210) and combined wealth ($4.5 trillion). This horde surpasses the gross domestic product of Germany, one of only six nations to have fewer billionaires this year.

    BRICs led the way: Brazil, Russia, India and China produced 108 of the 214 new names. These four nations are home to one in four members, up from one in 10 five years ago. Before this year only the U.S. had ever produced more than 100 billionaires. China now has 115 and Russia 101.

    Among the billionaires here’s the Forbes 2011 top 10 Richest Hedge Fund Managers:

    1.John Paulson

    Net worth: $16 billion

    2010 Earnings: $4.9 billion

    Net Worth Last Calculated: March 2011

    Fund: Paulson & Co.

    Strategy: He started out in merger arbitrage but made it big with his macro trade against subprime mortgages.

    2. George Soros

    Net worth: $14.5 billion

    2010 Earnings: $450 million

    Net Worth Last Calculated: March 2011

    Fund: Soros Fund Management

    Strategy: Global macro, which means he’ll go pretty much anywhere and in any asset to find attractive returns. He is a pioneer of the global macro strategy.

    3.James Simons

    Net worth: $10.6 billion

    2010 Earnings: $2.5 billion

    Net Worth Last Calculated: March 2011

    Fund:Renaissance Technologies

    Strategy: He and his fund use complicated mathmatical models to identify and profit from mispricings/patterns in various financial instruments around the world.

    4. Steve Cohen

    Net worth: $8 billion

    2010 Earnings: $1.3 billion

    Net Worth Last Calculated: March 2011

    Fund: SAC Capital

    Strategy: Aggressive short- and medium-term trading in stocks.

    5.Ray Dalio

    Net worth: $6 billion

    2010 Earnings: $3.1 billion

    Net Worth Last Calculated: March 2011

    Fund: Bridgewater Associates

    Strategy: Dalio’s fund invests globally in instruments like currencies and bonds; he is known for his rigorous and methodical investment process.

    6. David Tepper

    Net worth: $5 billion

    2010 Earnings: $2.2 billion

    Net Worth Last Calculated: March 2011

    Fund: Appaloosa Management

    Strategy: Tepper employs various strategies, but he’s known for successfully investing in distressed assets.

    7. Bruce Kovner

    Net worth: $4.5 billion

    2010 Earnings: $640 million

    Net Worth Last Calculated: March 2011

    Fund: Caxton Associates

    Strategy: He is notoriously secretive, so not much is known about his strategy. Early in his career, he traded commodities.

    8. Eddie Lampert

    Net worth: $3.6 billion

    2010 Earnings: $1.1 billion

    Net Worth Last Calculated: March 2011

    Fund: ESL Investments

    Strategy: He holds concentrated and long-term positions in US stocks, many of them in the retail sector.

    9. Paul Tudor Jones

    Net worth: $3.3 billion

    2010 Earnings: $440 million

    Net Worth Last Calculated: March 2011

    Fund: Tudor Investment Corp
    Strategy: Global macro. He is known for successfully shorting the Black Monday crash of 1987.

    10. John Arnold

    Net worth: $3.3 billion
    Fund: Centaurus Advisors
    Strategy: He trades in the energy market, specializing in natural gas. Reportedly, he generates his returns each year from a few concentrated bets.

    Source: AR Magazine and Forbes Magazine

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