Hedge fund quants earned more money in 2015 than some of the biggest active managers on Wall Street, according to the annual ranking by Institutional Investor's Alpha magazine.
The top 25 best paid hedge fund managers earned a combined total of $12.94bn last year, up over 10% from a reported $11.62bn in 2014, according to the Financial Times. The annual ranking revealed "quants" that use computers to trade financial markets generally sat higher in the list than those who practise active investment based on their own decisions. Topping the table in joint first place was string theory expert and former code breaker James Simons from Renaissance Technologies, earning $1.7bn in 2015. He was joined in the top ten earners by former Columbia University computer ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
