: Ken Griffin’s Citadel made $16 billion last year – the largest annual hedge fund return on record, investor says

by | Jan 23, 2023 | Stock Market

Ken Griffin’s U.S. hedge fund Citadel made $16 billion in profit after fees last year – the largest annual gain ever made by a hedge fund manager, an investor has estimated. In a report published on Monday by fund of funds LCH Investments, Citadel topped the top 20 hedge fund manager’s list beating John Paulson’s 2007 $15 billion gain, which has until now been described as “the greatest trade ever,” said Rick Sopher, LCH chairman.

Overall, the top 20 managers made $22.4 billion net of fees for their investors in 2022 and have made $691.6 billion net of fees for their investors since inception. LCH estimates a 3.4% return for the top 20 funds last year, while the rest made losses of 8.2%. Hedge fund managers overall lost $208 billion last year, bringing net gains since inception to $1.42 trillion, of which 48.7% has been made by the top 20 managers. As a fund of funds, LCH Investments was able to estimate the gains by these industry giants from its own investing activity.  “We’ve been invested with many or most of the managers in the top 20 and that has enabled us to get close to them, get the information that i …

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