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HomeLatest NewsHohn, Mandel, Englander... winners and losers of the big 'hedge funds'

Hohn, Mandel, Englander… winners and losers of the big ‘hedge funds’

Date: March 29, 2024 Time: 19:58:14

“It doesn’t matter at all if you’re right or wrong. What does matter is how much you earn when you’re right and how much do you lose when you are wrong“. One of the mantras followed by investor and billionaire George Soros is profiting for hedge funds past the thunderclouds of 2022. The world’s twenty largest hedge funds earned $22.4 billion during the last year This represents a third less compared to the 65,400 million obtained in 2021. The so-called ‘alternative investment funds’ have greater freedom in the eyes of regulators than other vehicles to bet on any product, making use of multiple strategies to maximize the result, including short positions, one of its star tools. Something that on this occasion has not served them to escape the volatility of the market. The fine print is that some have gotten take a bigger piece of the pie, although this is smaller than other years. Behind these empires that pull the strings of the market hide world-renowned personalities. They all have their passion in common early for investments, philanthropy and pioneering methods that have made them billionaires. In the target is Ken Griffin. The economist of American origin who has come to close Walt Disney to celebrate with the employees the anniversary of investment of the citadelits investment vehicle, has made history after snatching ray dalio the throne of the ‘hedge fund’. profit record Delaware $16 billion, a figure that exceeds that obtained by John Paulson in 2007 thanks to his bet against ‘subprime’ mortgages, according to LCH Investments. Proof that he may have internalized the lessons learned from the bursting of the housing bubble, when he was about to lose his fortune. Thus, it relegates to the background bridge waterdriven by the now retired Dalio, who earned 6.2 billion dollars and, together with companies such as DE Shaw (8.2 billion) and Millennium Management (Israel Englander), which accounts for 8,000 million dollars, share most of the pie, moving from the third place to fifth place Soros Fund Management, the ‘family office’ of George Soros, of which there is no record of its income statement. He has not had the same luck lone pine. In the year of its ‘silver wedding anniversary’, the fund founded by Stephen Mandel it has faced the biggest losses in its history while having to deal with a massive withdrawal of funds. The red numbers reach 10,900 million and occur three years after mandel will withdraw from the daily management of the group. accompanies you on this journey John Armitageone of the main donors of the Conservative Party in the UK until 2022, whose ‘hedge fund’, Egerton, loses more than 4,000 million and is placed in the sixteenth position on the list. Promoted less than two decades ago by the British activist christopher hohnthe company maintains a close relationship with some of the ibex 35 companies. The Government of Mariano Rajoy signed him as a partner for the IPO of Aena, a firm in which he has had a seat on the board of directors until his departure almost a year ago. The decision was made right after she disembarked in railwaywhere it has a stake of more than 6%, according to the CNMV records, and it is surely the second most relevant shareholder, only behind the Pine Familyonline with your portfolio at Cellnex Telecom, of which he owns almost another 7%. Not all Wall Street giants have made decisions in time to weather the storm.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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