Meet the world's 7 most successful hedge fund managers

London-based fund of funds LCH Investments, a subsidiary of Edmond de Rothschild Capital Holdings Limited, justreleased its annual top 20 "most successful money managers" list for 2016.The list measures net gains, after fees, of hedge fund managers since their respective funds' inception.We've included the top sevenfund managers below.As a group, theymanage more than $275 billion in assets, and have generated more than$200 billionin gains since inception.Theygenerated $10.6 billionin returns in 2016, with one of the seven, George Soros' Soros Fund Management, losing money over the year.7. Och Ziff - Daniel OchNet gains in 2016: $1.1 billionNet gains since inception: $23.1 billion (1994)Fund's assets under management: $33.5 billionHighlights:Och-Ziff Capital Management agreed to settle charges of bribery, paying nearly $200 million to the Securities and Exchange Commission, in September.The hedge fund's CEO, Dan Och, agreed to pay nearly $2.2 million to settle the charges with the SEC, as did the firm's CFO, Joel Frank. The firm was accused of bribery in its financial dealings in Africa, which the SEC says included run-ins with Muammar Gaddafi's relatives.The fund also found itself the recipient of some savvy investing advice from a 24-year old Chipotle cook.6. Appaloosa - David TepperNet gains in 2016: $0.7 billionNet gains since inception: $23.5 billion (1993)Fund's assets under management: $15.8 billionHighlights: Teppercame out in support of Hillary Clinton ahead of the US election, calling Donald Trump, who went on to win the election,"the father of lies."He has said however that the US would benefit from some infrastructure spending, a key leg of Trump's campaign platform.5. Citadel - Ken GriffinNet gains in 2016: $1 billionNet gains since inception: $25.2 billion (1990)Fund's assets under management: $24.1billionHighlights: Citadel has been hiring, recently addingportfolio manager Jennifer Pollak, who movedfrom Folger Hill Asset Management.Citadel's Aptigonunit last yearpoached about 17 portfolio managers from Visium Asset Management amid an insider-trading scandal.See the rest of the story at Business Insider
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