Man Group: World's largest publicly listed hedge fund's assets swell to new record (2024)

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Man Group: World's largest publicly listed hedge fund's assets swell to new record? ›

The world's largest publicly listed hedge fund group updated its shareholders with a trading statement noting that its assets under management for the first quarter of 2-24 was $175.7bn (£142bn) as at 31 March, up from its record level of $167.5bn (£135bn) as of 31 December 2023.

In 1975, Bridgewater Associates was founded by Ray Dalio in his Manhattan apartment. Today Bridgewater is the largest hedge fund in the world and Dalio has a personal fortune of approximately $19 billion.

Investment performance by strategy

For the year ended 31 December 2023, one of the best-performing investment strategies for the London-based hedge fund was Man AHL TargetRisk, which generated annual returns of 14.1%.

Citadel has now made $74 billion for investors since its inception in 1990, more than any other hedge fund firm.

Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid. In 2022, he earned $41. billion, and by the beginning of 2023 his net worth was estimated at $35 billion.

Ray Dalio is the founder, chair and co-chief investment officer of Bridgewater Associates, a global leader in institutional portfolio management and the largest hedge fund in the world.

The so-called Government Pension Fund Global, the world's largest sovereign wealth fund, said it had a value of 17.7 trillion kroner ($1.6 trillion) at the end of the March.

Investment Capabilities

We are an active investment management firm focused on delivering attractive performance and client portfolio solutions, deploying the latest technology across our business to help ensure we stay at the forefront of our evolving industry.

Top Shareholders

The Vanguard Group, Inc. Invesco Ltd. Van Lanschot Kempen Investment Management N.V. Franklin Resources, Inc.

History. The company was founded by James Man in 1783 as a sugar cooperage and brokerage, based in Harp Lane in Billingsgate. The following year Man Group won the contract to supply the Royal Navy with rum for its daily rum ration, a tradition under which all sailors were allocated a daily rum ration.

Who owns BlackRock? ›

BlackRock is not owned by a single individual or company. Instead, its shares are owned by a large number of individual and institutional investors. The biggest institutional shareholders such as The Vanguard Group and State Street are merely custodians of the stock for their clients.

In total, Forbes counts 47 hedge fund billionaires who have a combined net worth of $312 billion, up slightly from the same number in 2022 who were worth $310 billion.

Hedge funds seem to rake in billions of dollars a year for their professional investment acumen and portfolio management across a range of strategies. Hedge funds make money as part of a fee structure paid by fund investors based on assets under management (AUM).

Cohen is the Chairman and Chief Executive Officer of Point72, a global multi-strategy asset management firm. Mr. Cohen founded S.A.C. Capital Advisors in 1992 and converted his investment operations to the Point72 Asset Management family office in 2014.

Kenneth Cordele Griffin (born October 15, 1968) is an American hedge fund manager, entrepreneur and investor. He is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund.

Citadel boss Ken Griffin made $4.1 billion last year, the most of any hedge fund manager in history. Institutional Investor just released its annual rankings of the highest-earning hedge fund managers. Ken Griffin topped the list.

BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $10 trillion in assets under management as of December 31, 2023. Headquartered in New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries.

BlackRock manages US$38bn across a broad range of hedge fund strategies. With over 20 years of proven experience, the depth and breadth of our platform has evolved into a comprehensive toolkit of 30+ strategies.