Who made the first hedge fund?
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Who made the first hedge fund?
Alfred Winslow Jones
Alfred Winslow Jones is cited as creating the first hedge fund strategy in 1949. His thesis was simple but groundbreaking: he sought to separate two risks involved in investing in stocks by creating a market-neutral portfolio. The first, market risk, is caused by changing stock prices as a result of market influences.
Who was the first hedge fund manager?
Alfred Winslow Jones (9 September 1900 – 2 June 1989) was an Australian investor, hedge fund manager, and sociologist. He is credited with forming the first modern hedge fund and is widely regarded as the “father of the hedge fund industry.”
Who owns the biggest hedge fund?
The largest hedge fund managers 2021
| Rank | Manager | Assets |
|---|---|---|
| 1 | Bridgewater Associates1 | $105,700 |
| 2 | Man Group | $76,800 |
| 3 | Renaissance Technologies | $58,000 |
| 4 | Millennium Mgmt. | $52,314 |
What is the oldest hedge fund?
The Ten
- Steve Cohen founded the former SAC Capital, now Point 72 Asset Management.
- George Soros started his first fund in 1969 and became the unofficial founding father of hedge funds.
- James Simmons, founder of Renaissance Technologies, is perhaps the most well known mathematician of the group.
Who are hedge fund clients?
They work for pension funds for corporations, government workers, and labor unions. They also manage sovereign wealth funds for entire countries. They handle the cash assets of insurance companies, other corporations, and trusts. Institutional investors provide 65\% of the capital invested in hedge funds.
When was hedge funds created?
1949
Hedge funds are mostly unregulated investment pools that can only issue securities privately to qualified investors. Alfred W. Jones is generally believed to have started the first hedge fund in 1949, pursuing a strategy of buying stocks and hedging the positions with short sales.