The world’s top 15 hedge fund managers collectively made $23.2bn (£16.9bn) last year. The best performing hedge fund manager, Chase Coleman III, the founder of Tiger Global Management (TGM), made $3bn in performance management fees and gains on his personal investment in the fund, according to a Bloomberg analysis of regulatory filings. It is thought to be the biggest single year’s pay for anyone since another hedge fund manager, John Paulson, made $5bn in 2010 betting on the recovery of the economy after the financial crisis. He got his start in hedge funds at 24 when Julian Robertson, the founder of Tiger Management, gave him $25m seed money to start Tiger Global. All of the 15 hedge fund managers on the 2020 high pay list are men.

Source: The Guardian February 10, 2021 18:22 UTC