Meet the 9 hedge fund managers who made the most money in 2016

pulse

May 16, 2017 7:23 PM

As a group, they earned $7.7 billion, despite the fact that several of the managers posted subpar returns.

Bridgewater Associates founder Ray Dalio speaks at the 2016 World Economic Forum in Davos, Switzerland.

2016 was a tough year for hedge funds.

The industry as a whole only delivered a 5.4% return for clients, well below the S&P 500's return of 11.9%, according to data from eVestment.

Following are the top nine earnings from the list:

9. David Shaw, founder of DE Shaw & Co - $415 million

8. Michael Hintze, founder of CQS LLP - $450 million

7. Paul Singer, founder of Elliott Management - $590 million

6. Kenneth Griffin, founder of Citadel - $600 million

5. David Tepper, founder and president of Appaloosa Management - $700 million

3. David Siegel, co-founder and co-chairman of Two Sigma Investments - $750 million

3. John Overdeck, co-founder and co-chairman of Two Sigma Investments - $750 million

2. Ray Dalio, founder and co-chief investment officer of Bridgewater - $1.4 billion

1. James Simons, founder of Renaissance Technologies - $1.6 billion

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