Hedge Funds

Lovestruck George Soros Is Back On Top

Just in time for Valentine’s Day comes the romantic story that the the 83 year-old hedge fund manager made a ton of money in 2013, and about 80%* it before his September 21st nuptials and can therefore keep to himself,** should this marriage should end in a similar manner to his first two.

The investment fund that had the biggest gains in 2013 was Soros Fund Management LLC’s Quantum Endowment fund, which made $5.5 billion, according to LCH. Since its inception in 1973, Quantum has made $39.6 billion, more than any other firm, LCH said. George Soros, 83, decided in 2011 to return outside money in his hedge-fund firm to clients, turning the company into a family office.

Stephen Mandel, Andreas Halvorsen, David Tepper and John Paulson also counted their investment gains in multiple billions last year. As did Ray Dalio, demonstrating that while 5.3% is not an impressive return at all, 5.3% of $79 billion is still a hell of a lot of money.

Mandel earned an estimated $5.2 billion for clients last year, Halvorsen made them $4.5 billion and Tepper $4.2 billion….

John Paulson returned to form in 2013 by netting clients $2.6 billion, according to LCH’s report….

Bridgewater’s $79 billion Pure Alpha fund generated gains of $2.4 billion, while Brevan Howard, based in St. Helier on the island of Jersey, made clients of its $28 billion Master Fund about $500 million in 2013, LCH said.

Mandel Tops Best-Earning Hedge Funds for Clients in 2013 [Bloomberg]
*Ridiculous ballpark, etc.
**I mean, he probably doesn’t have to share any of it with her, as there was most likely a voluminous prenup but maybe he was feeling romantic this time around.

(hidden for your protection)
Show all comments

13 Responses to “Lovestruck George Soros Is Back On Top”

  1. Bob Dylan says:

    "What's money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do."

  2. Guest says:

    Soros looks like Yoda

  3. Shaggy says:

    Nice attempt at footnotes

  4. guest says:

    how can you mention Soros without this news

  5. Quant me maybe... says:

    I just can't imagine that he spends much time on top.

  6. Bored Guest says:

    Pivoting away from the pic for a moment…sure, because absolute gains are a much better indicator of performance than return on investment…and now back to the lucky bride – happy coffin hunting!

  7. Wendi Deng says:

    There's no fool like an old fool.

  8. damn shame says:

    money cant buy what it used to

  9. Smart man who did his nuptials but who is he going to leave the money to?

  10. Whitley says:

    won't be left for us… so nothing for us to worry about

  11. Serg says:

    i dont get sarcasm in the article. why shouldn't he have a prenup? obviously she is in it for financial security reasons (nothing wrong with that btw), if she could marry him for few months and walk away with half of his money, she probably would