FAST FIVE: Group Of 10 Elite Hedge Fund Managers Made $7.7 Billion In 2018
Citadel's flagship Wellington fund, for instance, returned 9.1 percent last year, while the average fund lost 6.7 percent, slightly worse than the S&P 500 Index.
Of course, Griffin doesn't get performance fees unless he makes a profit for his clients.
Ray Dalio's fortune rose $1.3 billion, powered by Bridgewater's approximately $160 billion of assets.
His flagship Pure Alpha fund gained 14.6 percent last year, while the All Weather strategy lost money.
And while the average fund was down 6.7%, trailing the S&P 500's ~4.5% drop, some managers crushed the competition.