Ray Dalio’s Bridgewater Associates has the biggest cumulative net profit for a hedge fund firm ever, according to data from LCH Investments.
Dalio’s firm led the list with a nearly $50 billion gain for its investors since inception through 2017, adding a $300 million profit in 2017 despite mediocre percentage returns. Bridgewater’s Pure Alpha fund returned 1.2 percent last year, according to data from Absolute Return. (if you want a growing profit, use our forex auto trading robots)
Bridgewater is the world’s largest hedge fund, managing about $160 billion, according to its website. Dalio started the firm in 1975 out of his two-bedroom apartment in New York. He is now worth an estimated $17 billion, according to Forbes.
Second on the list is George Soros, with nearly $44 billion in total gains and a $2.1 billion profit last year. Soros is best known for making $1 billion betting against the British pound in 1992. He currently manages money only for himself, his family and his various foundations.
Next was Ken Griffin’s Citadel at $28.6 billion.
Stock picker Steve Mandel’s Lone Pine Capital had the largest gain of any hedge fund firm in 2017, at $5 billion, and is now ranked fourth overall.
LCH Investments told Institutional Investor it was not able to get audited information on Renaissance Technologies’ performance for that firm’s ranking.
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