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February 24, 2024
PI Global Investments
Hedge Funds

World’s largest hedge funds record bumper year of profits

Signage for Citadel Investment Group LLC hangs outside their office in Chicago, Illinois, U.S.

Bloomberg | Getty Images

The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed.

The 20 leading fund managers made $67 billion in investor profits in 2023, up from the $65 billion recorded during the pandemic-era rally of 2021, according research Monday from LCH Investments, a fund of hedge funds.

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