Hedge fund data

Offshore Funds

Top earners

Institutional Investor magazine annually ranks top-earning hedge fund managers. Earnings from a hedge fund are simply 100% of the capital gains on the manager's own equity stake in the fund plus 20% to 50% (depending on policy) of the gains on the other investors' capital.

The 2004 top earner was Edward Lampert of ESL Investments Inc. who earned $1.02 billion during the year.

The 2005 top earner was James Harris Simons with an earning of $1.5 billion according to Alpha magazine.However, Trader Monthly reported that Simons only earned about $1 billion and that the top earner was instead T. Boone Pickens with an estimated earning of over $1.5 billion during the year.

The full top 10 list of hedge fund earners according to Trader Monthly includes:

• 1. T. Boone Pickens - estimated 2005 earnings $1.5bn +
• 2. Steven A. Cohen, SAC Capital Advisers - $1bn +
• 3. James H. Simons, Renaissance Technologies Corp. - $900m - $1bn
• 4. Paul Tudor Jones, Tudor Investment Corp. - $800m - $900m
• 5. Stephen Feinberg, Cerberus Capital Management - $500 - $600m
• 6. Bruce Kovner, Caxton Associates - $500m - $600m
• 7. Eddie Lampert, ESL Investments - $500m - $600m
• 8. David Shaw, D.E. Shaw & Co - $400m - $500m
• 9. Jeffrey Gendell, Tontine Partners - $300m - $400m
• 10. Louis Bacon, Moore Capital Management - $300m - $350m
• 10. Stephen Mandel, Lone Pine Capital - $300m - $350m

Notable hedge fund management companies

• Amaranth Advisors
• Amplitude Capital
• Andor Capital Management
• Angelo, Gordon & Co. 
• Black River Asset Management
• Bridgewater Associates
• Cheyne Capital
• Camelot Global Investment
• Citadel Investment Group
• Clinton Group
• Denison & Porter
• D. E. Shaw
• Eclectica Asset Management
• Erste Bank Alternative Investments
• Everest Capital
• Estlander & Rönnlund
• Fortress Investment Group
• Guidance Capital
• Locust Capital
• Marathon Asset Management
• Peloton Partners LLP
• Pequot Capital Management
• Pirate Capital LLC
• Perry Capital
• Prosperity Capital Management
• Renaissance Technologies
• SAC Capital Advisors
• SFA Secured Loan Fund, LLC
• Sierra Enterprises Group
• Soros Fund Management
• Superfund Group
• Tudor Investment Corporation
• Vision Investment Management
• MIR Investment Management