The Hedge Fund Manager Who Bucked the Trend and Became a Billionaire

(Forbes) There are fewer hedge fund managers on The Forbes 400 list of richest Americans than there used to be. The once-swashbuckling industry has been rocked by disappointing returns that have humbled hedge fund stock pickers, activists, macro traders and, as is natural in a long bull market, short sellers.To the extent that there have been exceptions in this era of hedge fund disappointment, they have mostly come from the world of computer-driven quantitative trading and large multi-manager models—and even there it has only been the elite (think Renaissance or Citadel) that have consistently done well.

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