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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Lone Pine Listed as Top-Earning Hedge Fund in 2013

Feb 11, 2014
Jing Chen

Investors at Stephen Mandel’s Lone Pine Capital had quite the year.

According to a study published by London-based LCH Investments that was obtained by Bloomberg, Connecticut-based Lone Pine made hedge fund investors the most money in 2013, bringing in approximately $5.2 billion. Mandel has made $20.5 billion for his investors since Lone Pine’s inception in 1997.

New York-based Viking Global Investors ranked second raking in $4.5 billion for investors, while New Jersey-based Appaloosa Management made clients $4.2 billion during the same period.

On the flip side, the report indicated that some of the funds that underperformed their historical track record in 2013 include Ray Dalio’s Bridgewater Associates and Alan Howard’s Brevan Howard Asset Management.

In the study, LCH Investments ranked the top 20 hedge fund managers by net gains in 2013.

 

 

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