Rolling coverage of the latest economic and financial news
Recession fears haven’t prevented top hedge funds from recording bumper profits last year.
New data shows the world’s most successful hedge funds made their biggest profits on record last year.
The top 20 managers made profits for investors of $67bn in 2023 according to research by LCH Investments — up from the previous record of $65bn in 2021.
This performance cemented their dominance over the rest of the industry — the 20 hedge funds which have performed best since their inception manage 19 per cent of assets but they made around a third of annual profits last year, in dollar terms.
Continue reading…Rolling coverage of the latest economic and financial newsUK economic growth to rebound in late 2024, leading forecaster saysRecession fears haven’t prevented top hedge funds from recording bumper profits last year.New data shows the world’s most successful hedge funds made their biggest profits on record last year.The top 20 managers made profits for investors of $67bn in 2023 according to research by LCH Investments — up from the previous record of $65bn in 2021.This performance cemented their dominance over the rest of the industry — the 20 hedge funds which have performed best since their inception manage 19 per cent of assets but they made around a third of annual profits last year, in dollar terms. Continue reading…
