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Ray Dalio is once again at the top of the hedge fund food chain, despite his claims that the inequality of wealth is a "national emergency".
The founder of Bridgewater Associates made a whopping $ 2 billion last year – more than any other hedge fund manager, according to Institutional Investor's annual wealthy list.
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This is the first time since 2011 that Dalio has risen to the top of the list, which paradoxically happened a few weeks after writing an editorial on LinkedIn explaining why capitalism needs to be reformed.
"I have been brought up with the belief that equal opportunity for basic care, good education and a job is what is right and best for our collective well-being," wrote Dalio.
According to Institutional Investor's calculations, it was worth about $ 5.5 million a day, or $ 228,310 per hour, which proves that capitalism works pretty well for the 70-year-old billionaire.
Dalio's surge is attributed to its pure Alpha macro strategy, which gained 14.6% last year, its best since 2011 – the last time it was at the top of the list.
Here is the complete list of the world's richest hedge fund managers.
1. Ray Dalio
Bridgewater Associates
2019: $ 2 billion
2018 Ranking: 4 ($ 1.3 billion)
2. James Simons
Renaissance Technologies
2019: $ 1.5 billion
Rank 2018: 1 ($ 1.7 billion)
3. Kenneth Griffin
Citadel
2019: $ 870 million
2018 Ranking: 3 ($ 1.4 billion)
4. and 5. John Overdeck, David Siegel (tie)
Two sigma
2019: $ 820 million
2018 Ranking: 10 ($ 570 million)
6. Israel (Izzy) Englander
Millennium Management
2019: $ 750 million
2018 Ranking: 5 ($ 975 million)
7. Crispin Odey
Odey Asset Management
2019: $ 530 million
Classification 2018: unskilled
8. David Shaw
D.E. Shaw Group
2019: 500 million dollars
2018 Ranking: 8 ($ 600 million)
9. Chase Coleman
Tiger Global Management
2019: $ 465 million
2018 rank 8: (600 million USD_
10. Alan Howard
Brevan Howard
2019: 390 million dollars
2018 ranking: does not qualify
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