World's largest hedge funds record bumper year of profits, research shows
Publishing timestamp: 2024-01-23 09:30:48
Summary
The world's top hedge funds made record profits in 2023, earning $67 billion in investor profits. The fund management industry as a whole gained $218 billion after fees. The top funds accounted for one-third of the annual profits, despite managing less than one-fifth of the industry's assets. The leading funds were buoyed by the stock market's strong performance and showcased savvy stock selection strategies.
Sentiment: POSITIVE
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Source: https://www.cnbc.com/2024/01/23/worlds-largest-hedge-funds-record-bumper-year-of-profits.html