Billionaire Chris Hohn’s TCI Fund Management made $9.5 billion for clients last year, leading some of the world’s biggest hedge funds who collectively produced record gains.
The group of top 20 hedge fund firms generated $65.4 billion in after-fees gain last year, according to estimates by LCH Investments, a fund of hedge funds. Ken Griffin’s Citadel and quantitative hedge fund giant D.E. Shaw & Co. were the next most-profitable firms in terms of absolute gains.
