In the world of investment management many financial advisors or investment brokers ultimate goal would be to end up as a hedge fund manager. A hedge fund is an investment vehicle and business structure that brings capital from numerous investors and invests these resources into securities and other profitable investment instruments. The companies that run these hedge funds may be structured as limited partnerships or limited liability companies. The investments that a hedge fund manager would take are capped by leverage and are highly liquid. If a hedge fund manager wants to be successful for his company they need to have a sound investment strategy and a competitive edge within the industry. A good hedge fund manager will have many investors with a lot of capital to invest with them, and with a good marketing and risk management plan they will be very successful and make a lot of money.
George Soros – Net Gains (Since Inception) $49.4 billion
George Soros, the renowned investor who in 2016 returned to managing money, is the world’s wealthiest hedge fund manager with a net worth of $25.2 billion. This is according to the 2017 ranking of the world’s billionaire financiers and investors by Forbes. Soros, a Hungarian-born veteran of finance who made a name for himself in the early 1990s with a bet against the British pound, has in recent years stepped back from the day-to-day management of investments. Soros, an immigrant from Hungary, put himself through the London School of Economics and later got his financial start on Wall Street in New York. In 1969, he started his own hedge fund with a total of $12 million, later branded as Quantum Fund. After making a fortune with the fund, Soros left the investment world to pursue philanthropy and returned in 2011 to start Soros Fund Management. He has given away more than $32 billion of his personal fortune to fund the Open Society Foundations’ work around the world. He is also the founder and primary funder of the Central European University in Budapest, a leading regional center for the study of the social sciences. But he returned to trading in June 2016 with a series of bearish calls, The Wall Street Journal reported at the time. Soros’ fortune increased from $24.9 billion in the 2016 ranking. In May 2017, his net worth amounted to $25.2 billion.
“My success in the financial markets has given me a greater degree of independence than most other people,” Soros once wrote. That independence has allowed him to forge his own path towards a world that’s more open, more just, and more equitable for all.