FYI: 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.
Then there is Jeffrey Talpins. At 44, Talpins has bucked the trend that has swept the hedge fund world. His Element Capital hedge fund has returned about 21% annually net of some expensive fees since its inception in 2005—an incredible track record in any era. This is a hedge fund that has grown up and excelled during the years after the financial crisis in which the vast majority of hedge funds have struggled mightily.
Regards,
Ted
https://www.forbes.com/sites/nathanvardi/2019/03/07/the-hedge-fund-manager-who-bucked-the-trend-and-became-a-billionaire/#343fbf5c720d
