<p><img src="https://static2.businessinsider.com/image/6023f058cca90200129b76a7-1174/screen shot 2013-11-14 at 3.01.20 pm.png" border="0" alt="Chase Coleman" style="display: block; margin-left: auto; margin-right: auto;" data-mce-source="Business Insider/ Mike Nudelman"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul><li><strong>Hedge funds raked in big profits in 2020 amid a historically volatile market landscape.</strong></li><li><strong>The leaders of 15 hedge funds earned a combined $23 billion last year, according to a <a href="https://www.bloomberg.com/news/articles/2021-02-10/chase-coleman-leads-23-billion-payday-for-15-hedge-fund-earners" target="_blank" rel="noopener">Bloomberg report</a>.</strong></li><li><strong>Listed below are the top 15 earning hedge fund managers of 2020, according to Bloomberg.</strong></li><li data-stringify-indent="0"><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell'utm_source=markets&utm_medium=ingest" target="_blank" rel="noopener noreferrer" data-stringify-link="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell" data-sk="tooltip_parent"><strong data-stringify-type="bold">Sign</strong><strong data-stringify-type="bold"> </strong><strong data-stringify-type="bold">up</strong><strong data-stringify-type="bold"> here for our daily newsletter, 10 Things Before the Opening Bell</strong></a><strong data-stringify-type="bold">.</strong></li></ul><hr><p>The COVID-19 pandemic presented a volatile environment for the stock market in 2020, offering prime conditions for well-positioned hedge fund managers to rake in big gains.</p><p>The top 15 best-earning hedge fund managers made a combined $23.2 billion in 2020, according to a <a href="https://www.bloomberg.com/news/articles/2021-02-10/chase-coleman-leads-23-billion-payday-for-15-hedge-fund-earners" target="_blank" rel="noopener">report from Bloomberg</a>. The earnings came from a mix of fund performance fees and gains on personal investment in the fund.</p><p>The list includes familiar names like Bill Ackman and Steve Cohen, as well as Gabe Plotkin of Melvin Capital, <a href="https://markets.businessinsider.com/news/stocks/melvin-capital-lost-53-percent-january-after-gamestop-shares-skyrocketed-2021-1-1030023191">which lost 53% in January</a> after it was caught on the wrong side of the <a href="https://markets.businessinsider.com/news/stocks/gamestop-stock-lost-billions-market-cap-reddit-saga-peak-2021-2-1030062086">GameStop short-squeeze.</a></p><p>These were the top-15 earning hedge fund managers in 2020, according to Bloomberg. </p><p><strong>15. Gabe Plotkin</strong></p><p><strong>Hedge Fund: </strong>Melvin Capital<br><strong>Earnings:</strong> $846 million<br><strong>Fund Return:</strong> 53%</p><p><strong>14. David Shaw</strong></p><p><strong>Hedge Fund: </strong>D.E. Shaw<br><strong>Earnings: </strong>$856 million<br><strong>Fund Return:</strong> 19%</p><p><strong>13. Andreas Halvorsen</strong></p><p><strong>Hedge Fund: </strong>Viking<br><strong>Earnings:</strong> $923 million<br><strong>Fund Return:</strong> 27%</p><p><strong>12. Joe Edelman</strong></p><p><strong>Hedge Fund: </strong>Perceptive<br><strong>Earnings: </strong>$969 million<br><strong>Fund Return:</strong> 29%</p><p><strong>11. Chris Hohn</strong></p><p><strong>Hedge Fund: </strong>TCI<br><strong>Earnings:</strong> $1.0 billion<br><strong>Fund Return:</strong> 14%</p><p><strong>10. Dan Sundheim</strong></p><p><strong>Hedge Fund: </strong>D1<br><strong>Earnings:</strong> $1.1 billion<br><strong>Fund Return:</strong> 54%</p><p><strong>9. Bill Ackman</strong></p><p><strong>Hedge Fund: </strong>Pershing Square<br><strong>Earnings: </strong>$1.3 billion<br><strong>Fund Return:</strong> 70%</p><p><strong>8. Jeff Talpins</strong></p><p><strong>Hedge Fund: </strong>Element<br><strong>Earnings: </strong>$1.3 billion<br><strong>Fund Return:</strong> 19%</p><p><strong>7. Steve Cohen</strong></p><p><strong>Hedge Fund: </strong>Point72<br><strong>Earnings: </strong>$1.6 billion<br><strong>Fund Return:</strong> 17%</p><p><strong>6. Philippe Laffont</strong></p><p><strong>Hedge Fund: </strong>Coatue<br><strong>Earnings: </strong>$1.7 billion<br><strong>Fund Return:</strong> 65%</p><p><strong>5. Ken Griffin</strong></p><p><strong>Hedge Fund: </strong>Citadel<br><strong>Earnings: </strong>$1.8 billion<br><strong>Fund Return:</strong> 24%</p><p><strong>4. Stephen Mandel</strong></p><p><strong>Hedge Fund: </strong>Lone Pine<br><strong>Earnings: </strong>$1.8 billion<br><strong>Fund Return:</strong> 23%</p><p><strong>3. Izzy Englander</strong></p><p><strong>Hedge Fund: </strong>Millenium<br><strong>Earnings: </strong>$2.2 billion<br><strong>Fund Return:</strong> 26%</p><p><strong>2. Jim Simons</strong></p><p><strong>Hedge Fund: </strong>Renaissance<br><strong>Earnings: </strong>$2.6 billion<br><strong>Fund Return:</strong> 76%</p><p><strong>1. Chase Coleman</strong></p><p><strong>Hedge Fund: </strong>Tiger Global<br><strong>Earnings: </strong>$3.0 billion<br><strong>Fund Return:</strong> 48%</p><p>*The income estimates are based on performance of each firm's major funds, SEC filings, and Bloomberg reporting. </p><p><a href="https://markets.businessinsider.com/news/stocks/top-15-highest-earning-hedge-fund-managers-of-2020-2021-2-1030067257#comments">Join the conversation about this story »</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/melissa-maker-clean-your-home-quickly-cleaning-expert-2017-4">A cleaning expert reveals her 3-step method for cleaning your entire home quickly</a></p>
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