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George Soros’s hedge fund regains title of world’s most successful
George Soros has still got it. Rather, he has gotten it back. Soros’s Quantum Endowment Fund made the strongest gains out of any other hedge fund in 2013, according to a tally by LCH Investments that published Monday. Including the gains after that date, the Soros fund takes the crown as the top-performing manager in terms of net profit since inception from Ray Dalio of Bridgewater Pure Alpha, who swiped it back in 2011, says LCH. John Paulson’s Paulson & Co. hedge fund came in at number 4. According to the Financial Times, the Quantum fund raked in $5.5 billion in 2013, the best return for the $28.6 billion fund ... (full story)
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