The pockets of international hedge funds are even bigger.

The top 20 global hedge funds earned a combined $65.4 billion, or 415 billion yuan, in 2021, according to third-party data.

The profit figures are the annual bill of the head organization, the best record in a decade.

Among them, a fund of Zhongcang technology stocks made a strong performance and earned nearly 10 billion US dollars for its clients. However, there are also well-known funds that "fall" on technology stocks.

The head hedge fund business has become a difficult hurdle competition.

"Rich Family" publishes the list.

According to LCH Investmen, an overseas third-party organization, the list in early 2022 is very interesting.

Among them, according to the statistics of the tripartite organization, the top 20 most profitable hedge funds in 2021 earned a total of 65.4 billion US dollars for their clients.

Second, global hedge funds earned $176 billion last year, meaning that 20 head institutions made 1/3 of the industry's money.

Third, there are many hedge fund strategies, but last year the equity strategy became a "dividing line" between the head institutions. In addition, there are two top Wall Street quantitative giants that have not been on the list for two years in a row, the Renaissance and Two Sigma.

Among them, the Renaissance has the most famous Grand Medal Fund, which has been open only to fund insiders since 2005. Foreign products have suffered major twists and turns in the past two years, reaching the worst investment return in history at the beginning of 2021 and being redeemed by outside investors of $5 billion.

The number one hedge fund earns nearly ten billion yuan

The data show that, according to absolute income statistics, Chris Horne (Chris Hohn)TCI Fund Management (TCI Fund Management) earns $9.5 billion in 2021Become the hedging institution that makes the most money

TCI Fund was founded in 2003 and its investment strategy is to "invest in high-quality companies with predictable free cash flow".

It is worth noting that the agency claims that the profits generated from its investment will be used for philanthropy, mainly to improve the lives of poor children in developing countries.

Founder Horne also places special emphasis on the concept of ESG, often pressing listed companies to disclose carbon dioxide emissions more clearly in order to curb climate change.

As you can see, TCI Fund is an institution of stock strategy. According to its website, the agency is positioned as a fundamental-driven value investment that covers global markets, uses private equity, takes in-depth fundamental research and adheres to long-term doctrine. In addition, there will be opportunity investment, focusing on corporate transformation and investment opportunities for special events, and pursuing Alpha opportunities.

The target of heavy position includes Google Microsoft Corp.

Relevant information shows that the annual revenue of the above strategy of TCI will reach 23% in 2021, and the heavy positions include Alphabet Inc-CL C and Microsoft Corp.

It is worth noting that TCI's money for its customers has doubled rapidly. For the whole of 2020, the fund earned a net income of $4.2 billion (40 per cent a year) and approached $10bn a year later.

By reversing last year's earnings and returns, the average size of TCI funds over the past year was $41.3 billion.

In other words, the size of the fund has more than quadrupled in the past two years.

In addition to equity investment, TCI Fund also has a real estate strategy fund, which mainly invests in prime location assets in North America and Europe.

This means that the hard asset of real estate has also been included in the key investment direction of TCI early.

Three "veteran male gods" followed.

Institutions with a net income of more than $5 billion are well-known hedge funds.

The second to fourth institutions on the list are stock quantified institutions, namely Citadel (Castle Fund), DE.Shaw (German Fund) and Millennium (Millennium Fund).

In fifth place is Elliot Management (Elliott Capital Management), which is relatively low-key. Its founder, Paul Singh (Paul Singer), is known for his tough style and radical approach. Historically, the agency has pursued a female president of South America, defaulted on sovereign debt bought by Mr Singh, heavily held positions in Twitter and pressured CEO to step down.

The hedge fund at the top of the list has a strong sense of stock investment, which may have something to do with the continued rise in US stocks.

Bridge Water Fund, which focuses on macro strategy, ranked sixth on last year's hedge fund list with a net income of $5.7 billion.

Tiger fund is rarely at the bottom.

At the bottom of the list were two institutions, Gusong Capital and Tiger Global Fund, which lost $1.5 billion.

In fact, both of them are Tiger funds.

Tiger Fund is an investment institution established in 1980, founded by Julian Robertson. Later, many of his apprentices set up their own doors, formed a "tiger" camp in the capital market, and inherited the "adventurous spirit" of an investment dimension.

In March this year, Archegos, one of the "Tigers", caused a lot of speculation about the positions held by the "tiger cubs" because of the explosion of Chinese stocks.

At the end of the year, some of the previous guesses were confirmed.

Among them, Gusong Capital failed to record income for the whole year. Founder Mandel is officially Julian Robertson's "big apprentice" and the first "tiger cub" to set up his own door.

In addition, the Tiger Global Fund, which has long focused on the Internet, software, consumer and financial technology industries, lost $1.5 billion for the year.

It can be seen that the explosion time in the first quarter of last year may have "cheated" a lot of "tiger cubs".