Israel Engler of Millennium Management earned $ 3.8 billion last year, making it the largest payment of any hedge fund manager in 2020.
Engler paid more than $ 1.5 billion in 2019 and made $ 2 billion more than last year’s rich-list leaders Chris Hone and Jim Simmons, making a 26 percent profit for its investors.
The top 10 hedge fund managers globally earned $ 20.1 billion in 2020, a 50.2 percent increase from $ 13.4 billion in 2019, against a backdrop of volatile markets amid the coronovirus epidemic.
According to data from Hedge Fund Research, hedge funds made an average of 11.7 percent profit in 2020, amid heavy selling in March and a large economic shutdown following the emergence of novel coronaviruses.
But the top 10 has given an average return of 43 percent in 2020, with Kotu Management ranking at 65 percent, Renaissance Technologies 76 percent and Tiger Global Management at 48 percent, according to institutional investor data.
All the top 10 hedge fund managers made more than $ 1 billion in 2020 compared to eight in 2019.
Simmons of Renaissance Technologies earned $ 2.6 billion last year, while Chase Coleman of Tiger Global Management earned $ 2.5 billion and Ken Griffin of Citiard earned $ 1.8 billion.
Bill Ekman of Pershing Square made it to the top 10 with $ 1.4 billion in salaries after not being included in the 2019 list.