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.