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Economic system5 hours ago (Feb 22, 2021 02: 00PM ET)


© Reuters. FILE PHOTO: Israel Englander, Chairman and CEO, Millennium Companions, participates in the 2010 Milken Institute World Convention in Beverly Hills, California


By Maiya Keidan

NEW YORK (Reuters) – Millennium Administration’s Israel Englander earned $3.8 billion final 365 days, landing him the ideal payday of any hedge fund supervisor in 2020, showed records from Institutional Investor.

Englander bigger than doubled his $1.5 billion payday in 2019 and made $2 billion bigger than the old 365 days’s rich checklist leaders Chris Hohn and Jim Simons, whereas making gains of 26% for his traders.

The cease 10 hedge fund managers globally earned $20.1 billion in 2020, a 50.2% upward thrust from $13.4 billion in 2019, in opposition to the backdrop of volatile markets amid the coronavirus pandemic.

Hedge funds made gains of 11.7% on average in 2020 amid a giant promote-off in March and wise economic shutdowns following the emergence of the fresh coronavirus, in accordance to records from Hedge Fund Be taught.

But high 10 averaged returns of 43% in 2020, with Coatue Administration making 65%, Renaissance Applied sciences racking up 76% and Tiger World Administration 48%, the records from Institutional Investor showed.

All of the tip 10 hedge fund managers revamped $1 billion in 2020, compared with eight in 2019.

Renaissance Applied sciences’ James Simon earned $2.6 billion final 365 days whereas Tiger World Administration’s Roam Coleman made $2.5 billion and Citadel’s Ken Griffin landed $1.8 billion.

Pershing Sq.’s Invoice Ackman made up the final predicament on the tip 10, with a $1.4 billion pay cheque after no longer featuring on the checklist in 2019.

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