The Big Take
Top Hedge Fund Managers Made $15.8 Billion in 2021 Riding Volatile Markets
Little-known Karthik Sarma appeared near the top of Bloomberg’s ranking of hedge fund earners, only slightly outdone by Ken Griffin and Chris Hohn.
At SRS Investment Management, an 11-year-old wager on Avis Budget Group Inc. paid off handsomely as the stock soared 456%.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Karthik Sarma outearned Steve Cohen last year.
The little-known hedge fund manager made an estimated $2 billion in 2021, mostly thanks to an 11-year-old wager on Avis Budget Group Inc., a bet that paid off handsomely as the stock soared 456%.