Izzy Englander Tops 2024 Hedge Fund Earnings, Raking in $4 Billion

Izzy Englander Tops 2024 Hedge Fund Earnings, Raking in $4 Billion

Edited by: TJVNews.com

New York financier Izzy Englander, the 77-year-old CEO of Millennium Management, emerged as the highest-earning hedge fund manager of 2024, pulling in an astonishing $4 billion for the year. According to a report in The New York Post, Englander’s massive earnings placed him ahead of Citadel’s Ken Griffin, who earned $3.2 billion, solidifying his first-place ranking in Bloomberg’s annual hedge fund earnings report.

Englander’s enormous payday stemmed from $2.4 billion in personal investment gains and an additional $1.4 billion in performance fees from Millennium Management, which now oversees a staggering $75.8 billion in assets. As The New York Post reported, Englander has maintained his dominance in the hedge fund industry, leveraging his fund’s diversified investment strategy to outperform competitors in an increasingly volatile financial landscape.

Despite his financial success, Englander’s personal life made headlines in 2023, when he settled his divorce with his ex-wife Caryl Englander for $1 billion after she left him for Swiss gallerist Dominique Lévy. According to the information provided in The New York Post report, the high-profile split was one of the most expensive divorce settlements in history, marking yet another chapter in the personal and professional saga of one of Wall Street’s most formidable investors.

Even amid this personal upheaval, Englander’s investment strategies continued to deliver exceptional returns, proving that his ability to navigate financial markets remains unparalleled.

While Englander secured the top spot, The New York Post report indicated that Citadel founder Ken Griffin came in second place, earning $3.2 billion in 2024. Griffin, who has long been one of Wall Street’s most influential figures, maintained his dominant position in hedge fund rankings, mirroring his second-place finish in 2023.

Meanwhile, Steve Cohen, the billionaire owner of the New York Mets, secured third place on the list. As reported by The New York Post, Cohen’s Connecticut-based Point72 Asset Management delivered strong returns, earning him $3 billion for the year. His continued success in hedge fund management has allowed him to expand his influence not only in the financial world but also in Major League Baseball, where he remains a major player.

A newcomer to Bloomberg’s prestigious list, Rob Citrone, CEO of Discovery Capital Management, made a significant impact in 2024. According to the report in The New York Post, Citrone’s bullish stance on Argentina’s economy under President Javier Milei played a crucial role in his hedge fund’s success.

Citrone’s fund took major positions in Argentine bonds and stocks, including a large stake in the revival of Grupo Financiero Galicia SA, which saw its share price surge by more than 250% over the past 12 months. As The New York Post report noted, Discovery Capital Management posted a stunning 52% return, helping Citrone rake in $730 million and secure ninth place on Bloomberg’s hedge fund earnings list.

This success meant that Citrone earned more than twice as much as legendary hedge fund managers Paul Singer of Elliott Management and Bill Ackman of Pershing Square, who each earned $320 million in 2024. The New York Post also highlighted that Singer and Ackman, both prominent supporters of former President Donald Trump, landed in 17th and 18th place, respectively, in Bloomberg’s rankings.

Another notable newcomer to Bloomberg’s top hedge fund earners list was Josh Resnick, who finished in 12th place after his firm, Jericho Capital Asset Management, posted an outstanding 60% return in 2024. The New York Post report revealed that Resnick’s firm, which manages $4.5 billion in assets, made highly successful bets on tech stocks such as Palantir and Nvidia, both of which experienced significant stock price surges throughout the year.

Resnick’s entry into the top hedge fund earners highlights the increasing dominance of technology-focused investment strategies, which have propelled many fund managers into record-breaking earnings.

As reported by The New York Post, the performance of the top hedge fund managers in 2024 shines a spotlight on a diverse range of investment strategies, from traditional equity trading to aggressive bets on emerging markets and technology stocks. Englander’s continued dominance, Griffin’s consistent high earnings, Cohen’s multifaceted success, and Citrone’s Argentina-focused investments all reflect the dynamic nature of the hedge fund industry.

With the hedge fund landscape evolving rapidly, the battle for the top spot in future rankings will be more competitive than ever—especially as new financial trends, geopolitical shifts, and disruptive technologies continue to reshape the global economy.