[Asia Economy Reporter Kwon Jae-hee] According to CNBC's report on the 22nd (local time), citing data from the international financial media 'Institutional Investors,' the income earned by the top 25 highest-paid hedge fund managers last year reached $32 billion (approximately 35.328 trillion KRW).
The report states that the income of the top 25 highest-paid hedge fund managers last year increased by more than 50% compared to the previous year, marking an all-time high.
Among them, 15 managers earned more than $1 billion. In 2019, there were 8 such managers.
Individually, Israel Englander, founder of Millennium Management, had the highest annual income at $3.8 billion (approximately 4.1952 trillion KRW). The flagship fund he manages posted a return of 26%.
In second place was Jim Simons, one of the founders of Renaissance Technologies, with $2.6 billion. Renaissance's flagship fund, Medallion, achieved a 76% return last year, but the three main funds managing external investors' capital suffered losses of about 20-30%.
Following them were Chase Coleman of Tiger Global Management ($2.5 billion), Kenneth Griffin of Citadel ($1.8 billion), and Steve Cohen of Point72 Asset Management ($1.7 billion), all ranking within the top five.
CNBC reported, "Their enormous incomes last year are expected to spark criticism regarding the compensation systems of hedge funds."
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