List OF HEDGE FUNDS FROM ODP o The Abernathy Group - Long/Short equity alternative asset management firm
located in New York City. o Absolute Capital investments - An alternative investment management firm specialising in hedge fund and structured debt products. Their proprietary investment process, is designed to combine non-traditional investment strategies to achieve our absolute return objectives. o Adair Capital LLC - Private research and alternative investment firm specializing in hedge fund of funds. o Aerodynamic Investments Inc - An offshore and domestic hedge fund with extensive chart libraries to learn about technical analysis. o Aida Capital International - Company manages diversified portfolios of investments in hedge funds. o A.I.M. Trading - Investment management firm offering an offshore fund, 3R Ltd., a Cayman Island corporation administered by Trinity Fund Administration Limited. o Altegris Investments - Hedge funds, managed futures and alternative investment products and services to help high net worth individuals and institutions build diversified portfolios. o Alter Capital - Offers a club solution to selected individuals looking for access toward alternative assets, hedge funds and venture capital. o Alternative Investment Strategies - An investment trust that is a listed in the UK. It is a globally diversified, multimanager fund of hedge funds. o ALT-FX Limited - Australian based hedge fund manager regulated and licensed by the Australian Securities and Investment Commission(ASIC). Runs a FX hedge fund domiciled in the Cayman Islands. o Arden Asset Management - Investment Manager that offers resources for managing fund of hedge fund portfolios. o Armajaro Asset Management - Manager of the Coolum Fund (a Pan European equity long/short market neutral strategy), Armajaro Commodities Fund (a pure commodities fund managed on a discretionary basis)and they are currently establishing a Fund of Hedge Funds. o Around the Clock Trading and Capital Management, LLC - A domestic market neutral Hedge Fund limited to accredited investors. o Artradis Fund Management - An absolute return asset management company focused on delivering above average, risk adjusted returns in Asian markets. o ASA Home page - Money manager delivering non-correlated, absolute returns to its qualified investors. The Funds seek to maximize after tax, risk-adjusted returns. o Aspect Capital UK - Alternative investment manager for institutions and wealthy individuals. Portfolios independent of stock and bond market indices. o Asset Managent Group, LLC - Managed hedge funds. o Asset Value Investors Limited - Money management firm established in 1985 to manage the assets of British Empire Securities & General Trust plc. In 2004 formed a US entity for managing US funds. o Aster-X Capital Management BV - Hedgefund manager, alternative investments based in Amsterdam o AutraCapital - A statistical arbitrage strategy, focusing on the Asian markets. The strategy uses non-linear, probabilistic technology. Using this technology, they strive to generate high risk-adjusted returns from a market neutral portfolio. o BlueCrest Capital Management - Hedge fund manager contact details, and password-protected information for investors. o BluMont Capital - Canadian hedge fund company. o Bonita Capital Management, LLC - A private investment management organization dedicated to market-neutral investing. o Burlingame Asset Management - Manages Burlingame Equity Investors (BAM-I), a long-short value-oriented hedge fund. o Cadogan Management, LLC - Private investment management and research specializing in hedge fund-of-funds. o Camomille Associates Limited - Offers two open-ended investment products, the Camomille Global Macro Fund and the Momentum Global Fixed Income Fund. o Cannonball Fund - A conservative fund of hedge funds that seeks to perserve capital across varied market conditions and to generate attractive risk-adjusted returns with limited correlation to major financial markets, through a multi-manager, multi-strategy approach to investing. o Capital Fund Management - Paris based manager specialised in statistical arbitrage on futures,equities and options. o Carnegie WorldWide Long/Short - Long/short fund whose primary objective is to deliver positive returns every year. The Fund's managers will seek to deliver the highest possible return taking into account the primary objective and with the 3-month money market rate as benchmark.
multi-manager ("fund of funds").A Fund of Funds manager specialising in themed portfolios of Hedge funds.Company specialises in the management of alternative investment portfolios since 1984. They look to participate in the growth of the computer. The fund is managed by Dave Fawcett and Tom Schenkel. Everest Capital . Deutsche Asset Management Australia . . high yield growth and small cap growth strategies.An Australia only fund manager offering individuals. effective and low-risk way to invest with them. FPP Emerging Markets Fund II (Global.Hedge Fund managed by Eagle Rock Partners.A long/short hedge fund which focuses on absolute returns regardless of market conditions. Eiger Capital Limited . and institutional corporate bond and asset-backed securities portfolios.A credit research intensive investment manager specialising in the management of collateralised debt obligations.Manager of the Contra Fund.A value oriented private investment fund managed by Hammer Capital Management.A long/short equity hedge fund.Funds managed: FPP Emerging Hedge Fund I (Global.Investment advisors based in Geneva that advise on Fund of Fund products.Money manager for leading corporations. Epic Capital Management Inc. Absolute Return. San Francisco-based investment advisor with long/short equity. EGM CAPITAL.Manager of a Multistrategy Fund of Hedge Funds / Absolute Return Strategy. for accredited potential individual.5 million and authorised capital of RM10 million.Swiss financial company which specializes in offering financial services to institutional and private investors in all derivative and cash markets.Founded in 2005 by two ex-partners of Odey Asset Management. Ferrell Capital Management . professionally managed portfolio of international hedge funds.Manager specialising in tailor-made Funds of Hedge Funds portfolios. and family office investors Eclectica Asset Management . Dye Asset Management . American inventors.Inc. LLC . oil and gas. family offices and small institutions. structured investment vehicles. Fix Asset Management . Eagle Rock Diversified Investment Fund .Specialized technology hedge fund. CooperNeff . Cupps Capital Management . LLC .Site includes a description of CCM's investment strategy. The firm specializes in risk management. The fund features controlled risk. EIM Group . Dvorkin Investments .Futuris Asset Management AB managers of the Swedish hedge fund FUTURIS
. trust. creInvest: access to non traditional investments . DFL Financial Services SA . A privately owned firm which prides itself on working independently and objectively. consistant compounded returns and a low correlation to the S&P500 Index. The 395 Fund (European Emerging Markets. CSFB/Tremont Hedge Fund Indices .Venture capital fund investments in alternative energy. Futuris Asset Management . telecommunications and advancing technology industries through a diversified portfolio. pension. DRC Capital. gold. . Fundana Group .Company listed on Swiss Exchange that gives its investors access to a diversified. Our goal is to achieve superior risk-adjusted returns.A global investment advisory firm managing over $2 billion in a family of hedge funds for institutional and high net worth clients. IRA.Selects the world's leading money managers and offers institutions and private investors a simple. entrepreneurs. With paid up capital of RM5. financial advisers.o
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Commerce Asset Fund Managers . Culross Global Management Limited . endowment. Finvest Primer . funds are managed by a group of dedicated investment professionals with a combination of domestic and international expertise in the funds management industry. institutions and private investors a full range of investment products and services Deutsche Bank Absolute Return Strategies .An alternative investment partnership that offers a value oriented portfolio with high return-low risk attributes. Ltd. Fabien Pictet & Partners Ltd . GEMs Bond Fund (Global Emerging Markets Absolute Return. Relative to MSCI).Proprietary trading and fund management.Provides hedge fund indice and subindice performance and analytics. a European Long/Short hedge fund. LLC . investment process and historical returns. corporate. real estate.Manages multi-manager hedge fund portfolios for private clients. CyberFund. Total AUM $200m USD. It was established on the premise of performance-driven absolute return investing.Fund managers limited . Endevon Capital. investing primarily long in US equity and special situations. pension & unit trust funds and Government institutions.Global Hedge fund manangement business of Deutsche Bank. An exclusive membershipdriven Hedge Fund Opportunity. EWorld Fund Management LLC . Absolute Return). insurance. FMG . nanotechnology.SEC-registered.
. . misinformation. They focus their investment strategy on the following markets: foreign exchange. Lampe. L. Absolute returns.Hedge Fund that specializes in distressed securities. and misconceptions about the Russian Market. located in London and the Provider of Alternative Assets.An alternative investment fund based in Canada.An independent Investment Management company that specialises in absolute return products.Hedge Funds . Inc. The fund invests in bank deposits and money market funds. .Offshore hedge funds with a team of fund managers.High-net worth individuals and institutional investor hedge fund manager. The fund uses a long only proprietary strategy (Crisis InvestingSM) to create value in small to mid-cap stocks.An onshore hedge fund which utilizes a top-down value approach to investing. MSS Capital .Provider of alternative investment products and solutions as well as a futures broker. Intelligo Capital Corporation . International Asset Management . (SEC warning for individual investors) Guidance Capital . . They offer hedge funds and managed accounts.Alternative investments for accredited investors. (GRDI) .Provides information on MGAI's range of hedge fund of funds solutions. USA and rest of the world.A Singapore-based hedge fund company which adopts a quantitative approach to investing. They offer to meet the needs of institutions and high net worth individuals who are seeking to diversify their investment holdings. Lindsell Train Limited .Hedge fund managers offering alternative investments to Canadians.Site requires FLASH to view Ion Partners LLC .
.A Singapore based investment advisor which run Indea Absolute Return Fund . The firm offers a variety of products focusing on absolute return as well as long biased equities. a hedge fund investing in India and Indian companies globally.Long-term market timing fund that uses statistical analysis of fundemental stock and bond data. fixed income.Ranks and profiles on a risk-adjusted basis the most consistently performing Hedge Funds.UK based hedge fund management company established to provide investment opportunities for sophisticated high net worth and institutional investors. Castle Alternative Invest is a global portfolio of hedge funds.Hedge Fund Manager .Guaranteed consistent high returns. Martin Quantitative. Europe. Capital growth and preservation. IKOS Fund Management .Alternative investment manager offering hedge fund of funds.A licensed Financial Service Advisor. LLC . Jon Sundt . Guaranteed Returns Diversified.A New York based firm which manages hedge fund of funds.P. and selective exchange traded index futures. Gordon Asset Management . Nikitsky Russia/CIS Opportunities Fund . Joy Asset Management ltd. risk-adjusted returns with low volatility Hirst Investment Management Hedge Funds . Mellon Global Alternative Investments .A long/short equity hedge fund focused on absolute. aiming to profit from mispricings.An asset management firm specialized in Emerging Markets. Joe Feshbach Partners. absolute return vehicle.Eligible investors seeking a secure investment with the potential for a healthy return.o o o o o o o o o o o
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Global Equities Management .A global distribution platform of world class hedge fund managers Newton Fund.An alternative asset and fund-of-funds manager in Europe.Fund management for investments such as statistical arbitrage and global equity. Mark Capital Management . Conway & Co. The Man Group . They aim to generate superior absolute returns based on a disciplined quantitative investment process.Asian fund of hedge funds in Asia. LLC . The Hedge Fund Consistency Index Newsletter . Castle Private Equity is a global portfolio of private equity partnerships.Absolute Value Fund. Highpoint Capital Advisors . offering alternative investment strategies to clients in UK. Inc.Investment advisor with fund of fund products.Palo Alto based fund.Multi fund manager.Hedge Fund Manager.Altegris Investments .Multi-manager of hedge funds based in the UK. Hedge Fund . Asset Management and Introducing Broker. managing private equity and hedge fund investments on a global basis.Profile of hedge fund and managed futures firm president. Newfield Partners LLC . Midland Funds .A long-short. Octagon Capital Management . managed by Joe Feshbach. LLLP .Web site contains sophisticated charting tools built specific to the alternative risk market. iPerform Investments . Low volatility. Diversified portfolio. Indea Capital Pte Ltd . KGR Capital . Jupiter Asset Management . Miton Investment Management . LGT Capital Partners and Castle .
This site contains information regarding their theoretical and statistical approach to hedge fund investing.Publishes net asset values of hedge fund shares on a real-time basis and risk reports on hedge funds on a daily basis.Mangers of Pantheon Partners.The first German Managed Futures Fund established under the legal form of an investment stock corporation with variable capital (the German equivalent to the Luxembourg SICAV). meeting all reporting and tax transparency criteria of the German Investment Act. Park Place Capital Limited .An offshore hedge fund of funds that seeks above average risk adjusted returns with no correlation to equity or bond markets. pension funds. Prodis Advisors SA .Alternative investment specialist. Manages the Black Swan Fund.Manager of a multistrategy hedge fund.Hedge Fund established in 1986 by Paul D. The firm invests primarily in highly collateralized fixed-income assets that are relatively short in duration. Inc. Scandium Management . They were established in 1991. Attractive risk-adjusted returns with low correlation to traditional assets. SP Trader Investment Futures Growth Fund . LLC . LLC: Investment Manager . Olsen Managed Accounts .Managed accounts as a liquid investment for retail market: site offers opportunity to invest in currency hedge fund program developed by Olsen Ltd.com . commodities.Investment fund in small and microcap companies.An experienced asset management firm offering focused investment products in alternative and more traditional asset classes developed after comprehensive analysis of the global marketplace.A British Virgin Island hedge fund offering low risk investment strategies. Opportunity Hedge Fund .Investment manager of hedge funds for high net worth individuals and institutional investors.A Canadian based hedge fund geared toward providing high Alpha. Optimation Investment Management .An independent Alternative Investment Advisor focused on Institutional Clients including insurance companies. .Hedge fund management company.Fund of hedge Funds . Pantheon Capital Management . . Pentagram Investment Partners .com . This site is a brief overview and introduction to their methodology. banks. The Peligrin Fund . Not available to US or UK residents. Plusfunds. Leverage is rarely used. SKIRITAI Capital LLC . Parkcentral Capital.Investment Futures Fund with $150mm under management. foreign exchange and fixed income products. Sprott Asset Management Inc. Shoval Asset Management . P2 Capital Partners.UK-based investment advisory firm specializing in European long/short equity hedge funds. LLP . Sigma Fund Valencia and Sigma Fund Man. Schultze Assest Management. Righthedge Investments LLC . Resolute Capital Growth Fund LTD . Sanno Point Capital Management . and foreign exchange markets.An absolute return.A transparent collective fund . Rigel Fund . Sonz.
.Manager of funds that invest in multiple hedge funds for high net worth and institutional investors.Registered Investment advisor that currently manages 5 fixed-income strategies.Diversified fund focused on futures.o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o
Odey Asset Management . LLC.Fund which seeks growth of capital while tightly managing risk and volatility. Founded 1991. Sonz Partners .Luxembourg Sicav comprising three absolute return funds of hedge funds: Sigma Fund Universal. Their stated goal is to maximize capital gains in both long and short positions. a conservative technology hedge fund in public stocks.their website shows all their positions and why they are there. PrivateMortgageInvestment.Investment manager located in New York City. Rockfish Capital.An alternative strategies and fund of hedge funds manager headquartered in Europe. Paradigm Global Advisors . Old Hill Partners. Sascam Global I . . The RMF Investment Group . a sister company of OANDA.European hedge fund manager with $550 million under management. Specializes in the turnaround of bankrupt companies. Sigma Fund Sicav funds of hedge funds .Optimation Investment Management LLC creates investment products for sophisticated investors to deploy capital in the world's equity.and low Beta by diversifying into different time frame horizons. relative value fund that invests in global fixed-income and equity-linked arbitrage opportunities.Long/Short Equity Fund SALUS ALPHA . large corporations and distribution intermediaries.High-yield private mortgage investment partnership.Hedge Fund Management .
Twin Cedars Investments.Specializes in providing credit based alternative investment strategies to investors globally. Cohen is comfortable taking half the profits from the few clients lucky enough to have access to his greatness. The Fund has the ability to invest in both long and short opportunities.S.An investment management firm specializing in the global equities market. who overall produced returns somewhere in the mid-20 percent range last year. LLC . the man behind 13-year-old SAC Capital commands what might be the most powerful trading force on the planet. he hardly has any clients left.UK based investment company specializes in alternative investments and managed futures.QUADRIGA .Asia based hedge fund specialist headquartered in Hong Kong that offers fund of fund products as well as proprietary hedge funds. and he made more money than anyone else on the Trader Monthly 100 for the second year running.Australian based international equities manager. Cohen donates a considerable amount to charity.Hedge Funds for the private investor. SUPERFUND Hedge Funds . Then. LP. New York that manages the VN Capital Fund I. 12:21PM This interesting list of hedge fund managers originally appeared on a forum at Elite Trading in 2005 so bear in mind that some of the information here is out of date. information technology and telecommunications. Turnstone Asset Management . Connecticut Firm: SAC Capital Advisors Age: 48 He looks a little like George from Seinfeld and dresses as plainly as a suburban accountant.A private investment fund focused on undervalued securities and arbitrage situations. Stuart Street Advisors.o o o o o o o
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Staats Capital Management . Stanfield Capital Partners . Cohen was said to have been annoyed when the New York Times recently ran a front-page story highlighting his art collection. focused on achieving absolute returns for its clients using "long / Short" strategies.Global Macro manager offering absolute return directional strategies in global equities. and global equity and fixed income markets. bonds. but make no mistake: Stevie Cohen is the master of the hedge-fund universe.Fund of hedge funds manager.Asset management company with various international funds. "In what was a difficult year for the markets. VN Capital Management. there's that art collection: enough Warhol and Pollock to earn him a seat on the board of the Museum of Modern Art.A non-registered investment advisory firm located in New York. Zephyr Management . Manager of long bias and market neutral long/short equity funds." says one industry insider. Cohen. he declined to be interviewed for this story. TechInvest . estate is referred to locally as "Chelsea Piers" for its array of sporting amusements. Intensely secretive. There's no attribution at the site and I'm going to reproduce it in full until someone asks me to take it down. and unsurprisingly.Provides hedge funds in stock indexes. Stevie is trading better than ever. of course. LLC . Estimated income: $600-$650 million JAMES SIMONS
. Connecticut. LLC . Because the firm has been so successful. STEVIE COHEN City: Stamford. And like many of the hedge-fund elite. Unicom Capital LLC . but in truth. Vision Investment Management: Hedge Fund Specialist in Asia . What does Cohen do with all his cash? His 14-acre Greenwich. Uniastrum Capital Hedge Fund . emerging markets) and value (price dislocation) opportunities in U. futures (commodities and financial) and foreign exchange.
LIST OF HEDGE FUND TRADERS AT ELITE TRADING Tuesday Aug 21.Chicago-based hedge fund with a multi-strategy approach that includes both fundamental and directional investing in growth (technology. a Delaware based hedge fund that holds a concentrated portfolio of small-cap equities. is mostly trading his and other SAC employees' money. energy and forex managed by professionals formerly with Wachovia Securities since 1985. 4X Capital Management LLC . Focusing on investing globally in health care.
Pallotta joined Jones in 1993 after a stint at Essex Investment Management. he was able to talk his way out of the motel room in which he was being held hostage. had another phenomenal year. When not on safari. Jones. is not your typical tycoon. Estimated income: $450-$500 million BRUCE KOVNER City: New York Firm: Caxton Associates Age: 60 Still involved in day-to-day trading. The firm was particularly successful in energy trading — at least one of his senior energy traders retired early. where he was director of research. But industry insiders say that Renaissance's Medallion fund. Kovner. Connecticut Firm: ESL Partners Age: 42 IN 2003. "He is the top-paid guy at the firm after Paul Tudor Jones.D. Well-liked on Wall Street and known for his philanthropy (he launched the Robin Hood Foundation in 1988). and Simons. Kovner is known for his neoconservative politics. Estimated income: $200-$250 million STANLEY DRUCKENMILLER
. Kovner and his $10 billion global macro operation did so well in 2004 that Caxton bumped up its fees from 2-and-20 to 3-and-30. from Berkeley who was once fired from a government defense job for protesting Vietnam. In the nearly 20 years since he started his fund. epitomizes the new generation of hedge-fund managers who meld trading. the former New York Cotton Exchange floor trader has never had a down year. a former math professor with a Ph. private equity. His varied career also involved a stint driving a yellow cab and studying the harpsichord at Juilliard before making it big trading soybean futures. is going strong. After 30 hours. Age: 67 Renaissance's Long Island retreat more resembles a college campus than a hedge-fund hub. A math professor turned Wall Street profiteer. the former head of Goldman Sachs's risk-arbitrage desk was putting his dealmaking skills to different use: He made headlines orchestrating the merger of Sears with Kmart. Jones is a Hemingway-esque sportsman. Simons's cut of the profits: more than 35 percent. which he had previously led out of its financial despair.City: East Setauket. Estimated income: $300-$350 million JAMES PALLOTTA City: Boston Firm: Tudor Investment Corp. Eddie Lampert was kidnapped. Jones stays near the front of the pack. bolstered by returns in the energy markets. who loves the Florida Everglades. Estimated income: $500-$550 million PAUL TUDOR JONES II City: Greenwich. Age: 50 Even when other hedge funds stumble. Lampert. kicked ass. leveraged buyout and traditional hedge-fund management. Age: 46 Racking up an 18 percent gain in 2004. with its black-box quantitative strategies. The past 12 months were no exception — insiders say Tudor Investment. Connecticut Firm: Tudor Investment Corp. Last year. the man who shuns the press is one of the financial muscles behind the New York Sun newspaper. when Jones was seeking to diversify the firm away from the futures and commodities markets. Among his extravagances: a game ranch in Zimbabwe. however. New York Firm: Renaissance Technologies Corp." says one insider. Pallotta's more than $6 billion Raptor Global Portfolio generated this hedge-fund pro a fat check in February. is big on conservation projects. Estimated income: $500-$550 million EDDIE LAMPERT City: Greenwich. who started ESL in 1988 with funding from Richard Rainwater.
the secretive Gendell was shooting the moon at Tontine. Estimated income: $150-$200 million RICHARD PERRY City: New York Firm: Perry Capital Age: 50 Founded in 1988 by the former Goldman trader. London and Hong Kong. catching (if not propelling) the late rally. Estimated income: $100 . Connecticut. The former chief investment officer for George Soros. While he got his share of roasting in the press. Perry Capital has some $11 billion under management. but in a year when even the superstars were thrilled to be around 40 percent. portfolio has an annualized return of 19 percent.City: New York Firm: Duquesne Capital Management Age: 51 Reports on how Druckenmiller and his $6 billion Duquesne Capital hedge-fund operation performed in 2004 are mixed. the firm is pushing into middle-market lending with its recent purchase of Capital Factors. Centaurus is estimated to have produced as much as $800 million in profits. Bacon had a strong 2004 — notching a 34 percent return — following on the heels of a phenomenal performance in 2003. since its 1992 inception. his overseas long/short fund boasted returns of 153 percent. He started Centaurus in 2002. One knowledgeable industry veteran tells us his returns were in the 25 percent range. and New York Firm: Chilton Investment Company Age: 46 With offices in New York and Stamford. the natural-gas trader didn't do anything criminal — he just made hundreds of millions of dollars in profits for the infamous firm. the $7 billion global macro machine went long the S&P 500 toward the end of the year. Among other bets.$150 million RICHARD CHILTON City: Stamford. Connecticut Firm: Tontine Partners Age: 45 Making a 100 percent return on $1 billion-plus in assets is astonishing anytime. He's yet another hedge-fund heavy who sits on the board of Paul Tudor
.$150 million LOUIS BACON City: New York Firm: Moore Capital Management Age: 48 Another hedge-fund manager who shuns publicity. Indeed. net of fees. and 2004 was even better. he has proved a consistent performer: In 2003. With offices in New York. Estimated income: $150-$200 million JEFFREY GENDELL City: Greenwich. Estimated income: $150-$200 million JOHN ARNOLD City: Houston Firm: Centaurus Energy Age: 31 Arnold made a name for himself as the Enron trader. Chilton runs four long/short strategies. His flagship U. Estimated income: $100 . Druckenmiller has shown a distinct willingness to take aggressive positions even when markets are not necessarily behaving according to conventional wisdom. thanks to a big energy push. Energy traders say his first full year was phenomenal. Eventdriven arbitrage and distressed debt remain Perry's strengths.S.
A former college professor. Estimated income: $75 . Kingdon oversees a $3 billion portfolio of stocks. bringing his assets closer to $2 billion — the level at which he would like to remain. bonds. He was part of a group of long/short hedge-fund managers to open long-only funds and is currently searching for opportunities in Asia. currencies and options. Estimated income: $100 .$150 million DAVID TEPPER City: Chatham. the firm hiked fees to 3-and-30 and investors didn't blink. Age: 53 D. In a difficult market environment in 2004. New Jersey Firm: Appaloosa Management Age: 45 The former Goldman Sachs junk-bond trader who shot the lights out in 2003 and then gave back $1 billion to clients had another strong year in 2004. his most notable coup was teaming up with Third Point's Dan Loeb and forcing the sale of software maker InterCept. the Rhodes scholar led the risk-arbitrage department at Plaza Securities in New York. according to insiders. He recently gave significant money to Bill Clinton's global AIDS-prevention initiative.E. Shaw has done so well in recent years that in late 2002. ROSENSTEIN City: San Francisco Firm: Jana Partners Age: 46 Viewed as sharp and down-to-earth. Estimated income: $75-$100 million DAVID SHAW City: New York Firm: D. He also has a law degree from Harvard. One of the industry's living legends. such is the price of access to chairman Shaw and his braintrust. before fees. In 2004. Age: 56 A third-degree black belt in tae kwan do. and returns were roughly 25 percent in 2004. Satellite now has more than $5 billion in assets. Shaw & Co. he has a lesser-known spiritual side. Connecticut Firm: Lone Pine Capital Age: 49 One of several Tiger Management alumni who have launched their own hedge funds.Jones's Robin Hood Foundation. Before joining Soros. he later joined a New York money manager. The fund has around $3 billion in assets and had 30 percent returns in 2004. His first job in the industry was in the pension-asset division of AT&T. Rosenstein joined with the legendary Carl Icahn and went after Kerr-McGee. Estimated income: $100-$150 million MARK KINGDON City: New York Firm: Kingdon Capital Management Corp. Mandel has garnered $6 billion in assets for his Lone Pine Capital. Earlier this year. and once again he has given back money to his clients (another $700 million). Estimated income: $75-$100 million BARRY S. Mandel's returns were above average. Estimated income: $75-$100 million LIEF ROSENBLATT City: New York Firm: Satellite Asset Management Age: 51 Founded in 1999 by former Soros star Rosenblatt and two other partners. His Appaloosa fund had returns of around 40 percent last year. "Satellite is one of the top hedge funds in the world.$100 million STEPHEN MANDEL City: Greenwich." says one Wall Street trader. Shaw helped develop Morgan Stanley's
. Rosenstein is part of a group of activist hedge-fund managers publicly browbeating corporate officers to change.E.
City sources say Howard was also one of the few traders who was on the winning end of the rate bet that almost upended Vega last summer. the fund became a boldface name in the mutual-fund investigation after one of its former traders was accused of market timing. and the younger Soros was in fact assuming positions in the markets for Quantum last year.$100 million ROBERT SOROS City: New York Firm: Soros Fund Management Age: 41 Last year. Age: 43 Say what you will Loeb certainly knows how to make money. His $3. The crack trader was put in charge of portfolio investing across a number of asset classes �€ and has since rocketed up the ranks at Moore. Still. Estimated income: $75 . Market participants say the team that spun out of CSFB in 2002 under Howard is amazing. "but Alan is by far the best trader among them.3 billion Quantum Endowment Fund.$75 million DAN LOEB City: New York Firm: Third Point Management Co. Estimated income: $50$75 million ALAN HOWARD City: London Firm: Brevan Howard Asset Management Age: 41 Howard is earning a reputation as one of the greatest traders ever. Estimated income: $75 .$75 million
.5 billion fund ended the year up just over 8 percent. Estimated income: $50 . Estimated income: $50 . Estimated income: $50 . when George Soros handed over the reins to his sons. the multi-strategy macro fund remains the envy of many traders. previously the CEO of Optimum Asset Management. Loeb's most recent antics were emailed among traders far and wide a particularly spicy exchange between Loeb and a European potential hire that found its way into the press. But behind the noise is a smart investor who steered his $3 billion hedge funds to returns north of 30 percent last year. joined Moore's European operation a few years ago. Industry insiders maintain that the man called Izzy is still actively involved in day-to-day portfolio management. Loeb has built a reputation as something of a loudmouth with the e-mail zingers and pointed shareholder letters he sends to corporate executives with whom he's unhappy.$75 million ISRAEL ENGLANDER City: New York Firm: Millennium Partners Age: 56 It has been a rough couple of years for Englander and Millennium Partners. In case you're interested: Here it is ." He certainly defies the axiom that bank prop traders find it difficult when they go it alone. In 2003. Industry sources say this is no vanity role. Robert was appointed to oversee the $8. As if growing to become one of the larger hedge funds on earth he had amassed nearly $8 billion in assets as of the end of 2004 wasn't sweet enough for him.automated trading system before launching his quant fund in 1988.$100 million KAVEH ALAMOUTI City: New York Firm: Moore Capital Management Age: 51 Alamouti. As the founder and president of Third Point (the fund is named after Malibu's Third Point at Surf Rider Beach).
Anderson knows a thing or two about running a hedge fund and is held in high esteem on the Street.$75 million KEN TROPIN City: Stamford. He also continues to be passionate about his native Sri Lanka. Cantillon has picked up more than $6 billion in assets and posted double-digit returns. Age: 42
. Estimated income: $50 . Henry & Co. Estimated income: $40 .$50 million PHILIP FALCONE City: New York Firm: Harbert Management Corp. Anderson. Von Mueffling fared impressively. Even with last year's low volatility for long/short equity. and if last year's results are anything to go by. who was in Sri Lanka at the time. one of the top-performing equity funds of the '90s. Connecticut Firm: Graham Capital Management Age: 51 Tropin sizzled in 2004 (it didn't hurt that he built an energy desk at the end of 2003). whose background is in commodities trading. benefited from a great year in the oil markets. Estimated income: $50 .RAJ RAJARATNAM City: New York Firm: The Galleon Group Age: 47 Founder of the $5 billion Galleon. Estimated income: $40 . established a charity fund to help build housing for survivors of the disaster. He founded the $4 billion commodities operation in 1994 after spending some time as CEO of John W. Estimated income: $50 . Briger helps steward the Drawbridge Special Opportunities business under the $15 billion Fortress umbrella.$75 million WILLIAM VON MUEFFLING City: New York and London Firm: Cantillon Capital Management Age: 37 Von Mueffling stung Lazard Asset Management when he left in 2003 to form his own fund. After the devastating December 26 tsunami. Lehman Brothers recently bought a 20 percent stake in his $2 billion fund. His partner is Michael Novogratz (see page 77). Rajaratnam. Rajaratnam remains actively involved in investment strategy and trading. His friends say he has a penchant for adventurous vacations.$50 million PETER BRIGER City: New York Firm: Fortress Investment Group Age: 41 The former co-head of Goldman's Asian distressed-debt business. Since then. they got a good deal.$75 million DWIGHT ANDERSON City: New York Firm: Ospraie Management Age: 45 Having worked with Julian Robertson and Paul Tudor Jones.
Not long after pocketing that. Launched in 2002. Personable and polite in private. Estimated income: $40 ." says one source. he earned a bonus of $17 million. outside the hallowed halls of SAC Capital. Morgan. as a health-care trader for SAC's Sigma Capital. Morgan professionals. Novogratz is used to high altitudes. Estimated income: $40 . He's somewhat shadowy and aloof. In 2003. Estimated income: $40 .$50 million WAYNE HOLMAN City: Stamford." Estimated income: $40 . but he and partner Peter Briger are entering rarefied air. Connecticut Firm: JWM Partners
.P.$50 million MICHAEL NOVOGRATZ City: New York Firm: Fortress Investment Group Age: 40 Once a U. "He makes a bloody fortune.S. But insiders assure us that. according to sources in the City.$50 million ROY LENNOX City: New York Firm: Caxton Associates Age: 47 Hired by Bruce Kovner (see page 72) at Caxton straight out of business school. indeed. the fund is staffed by a slew of former J. The junk-bond trader and former Harvard hockey player started his fund four years ago and has grown assets to more than $3 billion. Connecticut Firm: SAC Capital Age: Mid-30s Holman is not a high-profile guy. Holman earns.$50 million DAVID GORTON City: London Firm: London Diversified Fund Management Age: 41 London Diversified had an excellent year. he left and later joined SAC. so CIO Gorton cleaned up. Estimated income: $40 . Gorton and his crack team were reputed to bring in more than $1 billion a year in profits for the venerated Wall Street bank. While many of his rivals were struggling to find paper worth chasing in 2004. Army helicopter pilot. is responsible for the Drawbridge Global Macro business. eventually becoming what one Wall Street source terms "Bruce's right-hand man. Novogratz. Lennox started as a commodities trader. Falcone is a pit bull in the distressed markets. Falcone showed that he's second to none in this illiquid asset class. As a standout prop trader at J.P.It was another good year for Falcone. a Fortress principal.$50 million PETER ABRAMENKO City: Stamford. but one hell of a trader. when he was still head prop trader at UBS Principal Finance.$40 million LAWRENCE HILIBRAND City: Greenwich. Connecticut Firm: SAC Capital Age: 43 Abramenko is spearheading SAC's fixed-income push and helps the Sigma Capital Management fund. Estimated income: $30 . very little is known about him.
Estimated income: $30 . Matlin became the talk of the town in 2003 for his involvement in leading WorldCom. Banco Santander. While at Goldman. who in 1993 produced a $1 billion profit for his then-employer.7 billion.$40 million SUSHIL WADHWANI City: London Firm: Wadhwani Capital
.$40 million ALLAN TEH City: New York Firm: Kamating Street Capital Age: 39 Teh left Citigroup. this egghead arb trader's name was synonymous with Wall Street hubris when he became the top-paid trader at Salomon Brothers. the multibillion-dollar fund has been getting into middle-market lending. that has since started a new fund. Mule formed Silver Point in early 2002. Estimated income: $30 . Long-Term Capital Management. almost caused an apocalypse on the Street. Recently. Three years ago. he was part of a group of traders who had come to epitomize hedge-fund hubris: The fund he helped steer. A stringent non-compete agreement prevented the credit trader from taking his team of math brains with him. Silver Point helped provide bailout financing to Krispy Kreme. Matlin and his crew put the bank's high-yield group on the map. led yet again by John Meriwether. Estimated income: $30 . Since the LTCM debacle in 1998. Mule ran a large Asian business while also trading distressed in Europe and North and South America." says one distressed trader. out of bankruptcy. But he was among the group.$40 million DAVID MATLIN City: New York Firm: MatlinPatterson Global Advisers Age: 44 Before Jack DiMaio and his gang were running high-yield at CSFB. Matlin left to form MatlinPatterson with former CSFB bond trader Mark Patterson. Vega had stabilized by the end of the year.$40 million ED MULE City: Greenwich. now MCI. Returns have been around 15 percent. JWM Partners (Hilibrand has a 10 percent-plus stake). where he had been running an internal hedge fund. JWM has quietly been raising money — assets under management fall well north of $1 billion — and continuing to trade. though. Connecticut Firm: Silver Point Capital Age: 42 A distressed-debt honcho from Goldman Sachs.Age: 46 A decade ago. betting wrong on rates and taking a hit in two of its best-known funds. So instead. After experiencing draw-downs. it's Mehra. who hails from Malaysia. Hilibrand has flown under the radar. The firm now has around $3 billion. MatlinPatterson closed its second fund last October after raising $1. Kamating has already raised $600 million. Subsequently. Estimated income: $30 . Estimated income: $30 . If anyone knows how to make money.$40 million RAVINDER MEHRA City: New York Firm: Vega Asset Management Age: 46 Vega struggled through the summer of 2004. in January 2004. Teh. hired math students out of top graduate programs. "And these guys were better.
Age: 40s "Hillary has made a lot of money for Tudor Investment over the years. Windreich is hardly a household name." so he's garnering most of the fees himself." says prop-trading king Steve Schonfeld of Deutsch. Fishman's bond portfolio at SAC was reported to be one of the most actively traded high-grade credit-trading accounts in the game. Estimated income: $25 .$30 million
. a former advisor to the Bank of England. who is no longer actively trading.$40 million JEFF ARONSON City: New York Firm: Angelo. Fishman oversaw the firm's Genesis Fund. Deutsch.$30 million MARK HILLARY City: London Firm: Tudor Investment Corp. Insiders say that while returns have not yet been outstanding. A source close to Angelo. a Goldman alum. but hedge-fund sources say he takes center stage at the powerhouse built by Dan Och. launched Wadhwani Capital in 2002. Estimated income: $30 . Wadhwani. He defected this March to launch Sailfish Capital. Before that. Gordon expects that he will set up his own fund once his non-compete is up. The London-based macro trader has been well-compensated for his hard work.Age: 45 A familiar face on the London scene." one executive says of Aronson's 2004 compensation.$30 million TODD DEUTSCH City: New York Firm: The Galleon Group Age: 32 "One of the three best traders in the industry. Connecticut Firm: SAC Capital Age: Mid-40s As a director of fixed income at SAC. He's known for his tech and healthcare stock-trading prowess.$40 million DAVID WINDREICH City: New York Firm: Och-Ziff Capital Management Age: 47 The top equity dog at Och-Ziff. worked for a few years at JLF Asset Management. "He makes it onto the list without breaking a sweat. The global macro manager now has an estimated $2 billion in assets under management. Aronson left this past spring. Estimated income: $25 . Gordon & Co. "it is only really Wadhwani there. He has also spent time at both Tudor Investment and Goldman Sachs. who joined Galleon in 2001. Estimated income: $25 .$30 million MARK FISHMAN City: Stamford. a credit-focused fund he runs with UBS's Sal Naro and the Genesis team. Estimated income: $25 ." says one firm insider. particularly because he performed well in a difficult year volatility-wise. Age: 46 A distressed-debt trader for the New York-based fund manager. Estimated income: $30 .
In 2001. Sloane. It has since grown to nearly $5 billion. The firm's four directors shared a pay bonanza of $100 million for 2004. Estimated income: $25 . however." according to those who know him. He's also an extremely successful guy. Those who know Sommi call him a fiend behind the screen and a major factor in Lone Pine's recent success. At an age when many are just scraping together their first mortgage. Connecticut Firm: Lone Pine Capital Age: 47 Another Tiger cub. Connecticut Firm: Tudor Investment Corp. Sommi is Stephen Mandel's head trader at Lone Pine.JIM PULASKI City: Greenwich.$30 million HUGH SLOANE City: London Firm: Sloane Robinson Investment Management Age: 49 A veteran of the Asian securities industry.$30 million CHRIS ROKOS City: London Firm: Brevan Howard Age: 34 Rokos is the youngest of the traders who left CSFB along with Alan Howard (see page 75) to form Brevan Howard. Estimated income: $25 . But unlike many other former Tiger stars. launching their fund in 1993. Rokos could retire anywhere in the world. Sommi has managed to avoid the spotlight. Tudor sources say he's one of the best traders at the firm. reaping rewards from another standout year. Standing is "just a regular guy. Estimated income: $25 . he supposedly made more than $100 million in profits for the bank. is the trader of the duo. Sloane and Robinson were early figures on the City's hedge-fund scene. Age: 31 An energy and natural-gas futures trader for Tudor Investment. Estimated income: $25 .$30 million ROBERT STANDING City: London Firm: London Diversified Fund Management Age: 45 The most public of the London Diversified team. Estimated income: $25 . Pulaski more than earned his bonus check in 2004.$30 million
. Sources close to Standing himself. according to records filed with London's Companies House. say it's closer to $20 million.$30 million JOHN SOMMI City: Greenwich. City sources put his compensation at around $25 million. cofounder (with George Robinson) of Sloane Robinson.