Wall Street is being taken over by computer geeks. In a difficult year for investors, when ordinary hedge fund managers lost money, elite traders, who trade based on mathematical models (such Trading called quantitive), stood out against the general background. More than half of the most successful traders and hedge fund managers in 2018 made decisions, using computer algorithms.
Generally 2018 year was extremely unfortunate for hedge funds. The average hedge fund manager, according to HFR, return on investment was -4.07%. This is a little better, than the indicator of the American securities market, which last year was -4.38%. IN 2018 year 20 the most successful hedge fund managers and traders have earned a total of $10,3 billion. This is a large amount, but at the same time the lowest total income since the financial crisis. IN 2015 year, also unsuccessful for hedge funds, Forbes reported, what 20 of the highest paid hedge fund managers and traders have earned $11,4 billion, and in 2011 - $11,7 billion.
10. Jeffrey Talpins
Who: founder of Element Capital Management
Income in 2018 year: $500 million
IN 2018 the Talpins Foundation, most sought after hedge fund manager on the planet, demonstrated profitability 17%. Currently managed by Talpins hedge fund Element Capital Management about $17 billion.
9. Paul Tudor Jones
Who: founder of Tudor Investments Corporation
Income in 2018 year: $500 million
The legendary macro hedge fund manager's performance has been mixed in the past few years, but in 2018 year, his company regained its former status, showing excellent performance. Paul Tudor Jones' key fund BVI Global showed profitability 10,3%.
8. Israel Inglander
Who: founder of Millennium Management
Income in 2018 year: $500 million
Israel Inglander founded Millennium Management, hedge fund with assets on $35 billion, known for his multi-management strategy, when dozens of teams use different approaches to trade different assets. Yet Millennium owes much of its success to its WorldQuant division., which is engaged in quantitative trading. Last year hedge fund, Millennium-owned, demonstrated profitability 4,8%.
7. David Shaw
Who: founder D.E. Shaw
Income in 2018 year: $500 million
Former computer science professor at Columbia University David Shaw founded a trading company, which now manages assets at $50 billion. Last year, its Composite Fund showed profitability 11%.
6. David Siegel
Who: founder Two Sigma Investments
Income in 2018 year: $700 million
John Overdeck and David Siegel turn their trading company Two Sigma Investments into one of the largest hedge funds in the world.
5. John Overdeck
Who: founder Two Sigma Investments
Income in 2018 year: $700 million
IN 2018 the Overdeka and Siegel funds performed well. For example, фонд Absolute Return, owned by Two Sigma, brought profitability to 11%, and the Compass Foundation - 14%.
4. Ken Griffin
Who: founder of Citadel
Income for 2018 year: $870 million
Ken Griffin used quantitative and fundamental trading techniques, to turn Citadel into a hedge fund with $30 billion. 2018 the year was successful for him - the manager continued to demonstrate incredible success after, how the financial crisis nearly wiped out his company. Citadel flagship hedge fund yields last year 9,1%.
3. Rey Dalio
Who: founder of Bridgewater Associates
Income in 2018 year: $1 billion
Bridgewater Associates Rhea Dalio, largest hedge fund in the world, asset manager for $160 billion, in 2018 showed mixed results. Bridgewater's investment strategy is based on data analysis and search for economic and other signals. His hedge fund Pure Alpha was performing at 14.6%. At the same time, the profitability of the large All Weather fund fell by 6%.
2. Mike Platt
Who: founder BlueCrest Capital Management
Income in 2018 year: $1,2 billion
Michael Platt's BlueCrest Capital Management 2015 returned all external capital to investors. Since then, BlueCrest has been extremely successful on the exchange.. IN 2018 year, the firm's return on investment was 25%.
1. Jim Simons
Who: founder of Renaissance Technologies
Income in 2018 year: $1,6 billion
Jim Simons, the most famous quantitative trader in history, topped the rating. The hedge fund Renaissance Technologies, which he founded, now operates $60 billion. Simons still plays an important role in it., despite, what in 2010 moved away from operational management. hedge funds, operated by Renaissance, in 2018 were successful. For example, the Renaissance Institutional Equities Foundation brought 8,5% arrived, а фонд Renaissance Institutional Diversified Global Equities – 10,3%. Simons' income also boosted by Medallion, asset manager for $10 billion, who only invests Simons money, its partners and Renaissance employees.
