The world's elite hedge funds have delivered a staggering $67 billion to their investors in 2023, as reported by LCH Investments on Monday. This figure marks a significant triple increase from the previous year's returns.

Bill Ackman's Pershing Square Capital Management made a grand re-entry into the top 20, following an absence of eight years. Despite the overall sector's success, Bridgewater Associates, steered by the legendary billionaireRay Dalio, and Caxton faced a downturn, marking them as the sole two in the top 20 to report losses.

The upper range of fund managers enjoyed an average uptick of 10.5% last...