Wednesday, September 19, 2012

America's Richest Hedge Fund Managers



From Forbes: The hedge fund industry is going through tough times. The average hedge fund manager has been unable to beat the market for the last 20 months. But there are now 31 men on the Forbes 400 list of richest Americans who have derived much of their wealth from running hedge fund money. In other words, these hedge fund managers represent 8% of the nation’s wealthiest individuals, which is a bigger percentage than ever before.

The man who set the standard for hedge fund wealth in America, however, is no longer managing money for outside investors. George Soros, now 82, retired in 2011 and turned his hedge fund into a family office, returning just under $1 billion in assets to outside investors. His net worth is $19 billion…
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At age 76, Carl Icahn is showing no signs of slowing down. His hedge fund was one of the top performers in 2011 and continues to show strong gains in 2012 thanks to bets on Amylin, Hain Celestian and El Paso energy. That has helped his net worth, which is now $14.8 billion...


Find out about the others at http://www.forbes.com/sites/nathanvardi/2012/09/19/americas-richest-hedge-fund-managers/

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