Soros and Paulson dominate hedge fund returns

The top 10 global hedge fund managers have earned more than $153bn for investors since they were founded, a third of the 7,000-strong industry's returns.

Since launch, George Soros's Quantum fund and John Paulson's Paulson & Co have together made more money than Walt Disney or McDonald's, the Financial Times reports. Paulson's return of $26.4bn since 1994 is only just short of the net income of aviation giant Boeing over the same period, the LCH Investments study found. LCH chairman Rick Sopher says most of the top funds have strictly controlled inflows, to ensure they did not become too big to hurt their strategies. David Tepper's Appaloosa Management is a prime example. The hedge fund has earned investors $12.4bn, yet runs only $1...