Forbes on 2016 hedge fund performance

The average hedge fund returned 5.6% last year compared to 12% for the S&P 500 but that doesn’t mean the managers of the SPY ETF earned the most.
Forbes put together a list of the hedge fund managers who earned the most in 2016 and the results probably won’t surprise you. The familiar names are there and the paychecks are out-of-sight.

1. James Simons – Renaissance Technologies $1.5 billion
2. Michael Platt – BlueCrest $1.5 billion
3. Ray Dalio – Bridgewater $1.4 billion
4. David Tepper – Appaloosa $750 million
5. Ken Griffith – Citadel $500 million
6. Dan Loeb – Third Point $400 million
7. Paul Singer – Elliott $400 million
8. David Shaw – DE Shaw $400 million
9. John Overdeck – Two Sigman $375 million
10. David Sieger – Two Sigman $375 million
11. Michael Hintze CQS $325 million
12. San Druckenmillier – Duquesne $300 million
13. Brett Ichan – Ichan Capital $280 million

(more…)