Hedge Funds Cap a Bumper Year for Profits
- Top 20 firms ranked by most gains since start made $67 billion
- Citadel, Millennium and D.E. Shaw dominate multistrategy funds
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Billionaire money managers Chris Hohn and Ken Griffin led hedge funds to deliver one of the best years for clients in 2023.
The industry produced combined gains worth $218 billion after fees, according to estimates by LCH Investments, a fund of hedge funds. Hohn’s TCI Fund Management made $12.9 billion to top LCH’s rankings, followed by Citadel, which made $8.1 billion.