Having said that we should start thinking of what you can create or recreate what has already been invented or by an inventor is the only way forward. 2020 has been a crazy year and the year some people wash and clean their hands more like never before. here is a list of some inspirational inflammatory news from the Hedge funds monetary games.
It hasn’t been the best year to be a hedge fund manager. The 25 members of The Forbes 400 who made their fortunes from hedge funds are worth a combined $185 billion, up to $2.8 billion from last year. As a group, that’s saying something, given that hedge funds got hammered in the first half of 2020, losing a record 7.9% on average, according to an analysis by Hedge Fund Research. The number of hedge funders on The Forbes 400 held steady at 25 this year, but Renaissance Technologies' Henry Laufer slipped from the rankings, and Pershing Square Capital Management founder and CEO William Ackman returned to the list after a four-year absence. Of those who were on the 2019 list, 11 got richer, 7 are down and 6 are flat. Still, their performance pales in comparison to some tech tycoons who are tens of billions of dollars richer than a year ago–like Jeff Bezos, whose net worth jumped an eye-catching 57% since the 2019 Forbes 400 list. The biggest gainer of the group is also the youngest hedge fund manager on The Forbes 400. Chase Coleman, the 45-year-old founder of New York-based Tiger Global Management, is worth $6.9 billion, Forbes calculates, $2.4 billion more than a year ago. His firm's stock portfolio rose more than 36% in the first half of this year thanks in large part to billion-dollar bets on firms booming during the pandemic, like online retailers JD.com, Amazon, and Alibaba, as well as tech staples Microsoft and Facebook. Tiger Global ended 2019 managing roughly $40 billion in assets. The richest hedge fund manager on the list is Jim Simons, a former math professor and the founder of quantitative trading firm Renaissance Technologies. Simons, 82, retired a decade ago but remains a co-chairman at Renaissance, along with his son Nathaniel. His fortune grew an estimated $1.5 billion since last year to $23.5 billion. Renaissance Technologies now manages about $80 billion. Other fund managers struggled. Ray Dalio's storied Bridgewater Associates saw assets decline 18% in the first four months of 2020; its flagship funds were down as much as 14% through June despite a broader market recovery. As markets crashed in March, Dalio wrote in a LinkedIn post, "Most recently I made the painful mistake of not having a well-thought-out game plan for dealing with pandemics... The health, economic, and market impact of the coronavirus will be much greater than most people are now conveying." At $16.9 billion, Dalio is down $1.8 billion since last year. To determine the net worths of hedge fund managers and traders, Forbes examined hedge fund returns as well as the fee and ownership structure of a wide array of money management firms to estimate earnings and cash growth. We also counted other assets owned by hedge fund managers, such as private jets, yachts, and art collections.
Here are the 25 richest hedge fund managers in America. Net worths are as of July 24, 2020:
1. Jim Simons FORBES 400 RANK: #23 NET WORTH: $23.5 billion 2019 NET WORTH: $21.6 billion The world's richest hedge fund manager founded Long Island-based Renaissance Technologies in 1982. The quantitative