5 Best Hedge Funds of All Time

In this article, we will be taking a look at the 5 best hedge funds of all time. To see more of these hedge funds, you can go directly to see the 23 Best Hedge Funds of All Time.

5. Millennium Management

Founded: 1989
Net Gains Since Inception: $50.4 Billion

A brainchild of Israel Englander and Ronald Shear, Millennium Management is an investment management firm founded in 1989. It is one of the largest alternative asset management firms operating in the Americas, Europe, and Asia.

The hedge fund underperformed in the initial months of inception, which resulted in Shear leaving the firm six months after founding it. However, it soon found its footing in the market, launching a series of funds and going on to post the highest net gains of any hedge fund.

The hedge fund deploys a platform model of investing comprising about 280 investment teams. Each portfolio manager is allocated money to deploy in various trading strategies. In the recent past, the hedge fund has put a sizeable short position against Mexican Billionaire Carlos Slim’s telecom empire.