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…
.
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...
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