In this article, we discuss the 5 best performing hedge funds of 2021. If you want to read our detailed analysis of these hedge funds, go directly to the 10 Best Performing Hedge Funds of 2021.
YTD Gain as of December 27, 2021: 24.3%
Citadel Investment Group is one of the most famous multi-strategy funds. It operates from Chicago and is chaired by billionaire Ken Griffin. Griffin has a personal net worth of over $26 billion. His fund, as of the end of September 2021, managed over $481 billion in assets, one of the largest portfolios in the US. According to LCH data, Griffin made over $8.2 billion for investors in 2021, behind only Chris Hohn of TCI Fund Management who earned $9.5 billion for investors. Citadel made gains of close to 4% in December 2021 alone.
Citadel Investment Group has invested a lot of money in Tesla, Inc. (NASDAQ:TSLA), the California-based EV maker. At the end of the third quarter of 2021, 60 hedge funds in the database of Insider Monkey held stakes worth $10 billion in Tesla, Inc. (NASDAQ:TSLA), compared to the same number of funds as in the previous quarter, with stakes equalling $9 billion.
Here is what Baron Partners Fund has to say about Tesla, Inc. (NASDAQ:TSLA) in its Q1 2021 investor letter:
“Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. Tesla, Inc. (NASDAQ:TSLA) stock fell during the quarter as a result of general market dynamics and a potential production slowdown due to parts shortages. A refreshed S/X and China Model Y ramp could also have a negative impact on margins in early 2021. We anticipate strong growth and improved margins driven by new production capacity, manufacturing efficiencies, localization of its manufacturing and supply chain, and maturation of Tesla’s full self-driving technology.”