General World News

Meet the 9 hedge fund managers who made the most money in 2016

ray dalio

2016 was a tough year for hedge funds.

The industry as a whole only delivered a 5.4% return for clients, well below the S&P 500’s return of 11.9%, according to data from eVestment.

Poor performance and high fees drove money out of the money managers’ funds by about $70 billion last year, the biggest drop since 2009, according to data tracker HFR.

This backdrop, however, had little impact on the bottom line of many of the top hedge fund managers of the world.

According to Institutional Investor’s Alpha magazine’s recently released list of the top-earning read more >>>

Source:: BusinessInsider.Com