Here's the list:
Bloomberg News reports that Ray Dalio of Bridgewater Associates overtook billionaire George Soros in 2015 as the man behind the hedge fund that has made the most money for investors in the history of the industry, according to an annual ranking.
Dalio’s Bridgewater Pure Alpha fund, set up in 1975, has earned $45 billion in absolute terms through last year, according to estimates by LCH Investments NV, a London-based firm that invests in hedge funds. Soros’s Quantum Endowment Fund, dating to 1973, has made $42.8 billion, LCH said in the ranking published Tuesday.
Pure Alpha and Quantum Endowment have $82.3 billion and $29 billion respectively in funds.
The 20 most profitable hedge funds for investors earned $15 billion last year while the rest of the industry collectively lost $99 billion, LCH said.
|Hedge Fund||Net Gains ($ bln)|
|Net Gains ($ bln)|
|Bridgewater Pure Alpha||45.0||3.3||1975|
|Quantum Endowment Fund||42.8||0.9||1973|
|Paulson & Co||21.4||-2.1||1994|
|Och Ziff Master Fund||15.2||-0.1||1994|
|King Street Capital||13.6||-0.5||1995|
|Lansdowne Dev. Markets||11.8||2.1||2001|
|Tudor BVI Global||11.5||0.1||1986|
Source: Bloomberg, LCH Investments NV