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Leading International Hedge Funds, According To LCH, Tripled Client Gains In 2023

Tax Filing
Tax Filing; Source- CNBC

Data released by LCH Investments on Monday shows that the top 20 hedge funds in the globe by revenue produced $67 billion for investors in 2023—roughly three times the amount they did in 2022. Activist TCI Fund Management led the pack.

Gain In Funds

Of the twenty funds, only two—Bridgewater Associates, headed by billionaire Ray Dalio, and Caxton—saw a loss.

According to a person with knowledge of the situation, All Weather, one of Bridgewater’s funds that tracks overall market movements and saw a 10.6% gain last year, is not included in the ranking.

According to LCH, the industry as a whole returned 6.4% last year, but the top 20 managers had gains of 10.5% on average.

The top three hedge funds by lifetime gains were multi-strategy firms Citadel, Millennium Management, and D. E. Shaw, while billionaire Christopher Hohn’s TCI dominated the annual ranking based on 2023 returns, which were $12.9 billion after fees.

In an email statement, LCH chairman Rick Sopher stated that the three companies produced 38.3% of the industry’s returns during the previous three years, even though they only managed 4.6% of the assets in the sector.

Fund Loses Money

Leverage is often used extensively by multi-strategy hedge funds in order to boost returns. Because their fee structures allow them to pay top price for the greatest staff.

International Hedge Funds

(Photo: linkedin)

The robust industry performance of 2022 was followed by a dismal 2022 in which the war in Ukraine and the Federal Reserve’s interest rate hikes to control inflation caused at least eight of the top 20 hedge funds to lose money.

A fund-of-funds company inside the Edmond de Rothschild Group, LCH Investments measures the annual returns of hedge funds to determine their cumulative lifetime gains, which is a crucial performance indicator for certain institutional investors.

Meetings with company executives, audits and management reports, among other sources, are cited as sources.

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