Forbes' magazine has just released its annual world's billionaires list.
This year, we've counted 40 names in the hedge fund industry. A few of these titans have retired in recent years.
Fund managers are paid through a compensation structure commonly known as the "2 and 20," which stands for a 2% management fee and a 20% performance fee charge. More specifically, "2 and 20″ means a hedge fund manager would charge investors 2% of total assets under management and 20% of any profits.
Overall, 2014 was an incredibly underwhelming year in the hedge fund world. According to research firm Preqin, hedge funds, on average, returned just a mere 3.78%, the lowest annual return since the 1.85% loss in 2011. Still, there were a few fund that delivered impressive returns such as Bill Ackman's Pershing Square.
We've included a round up of the richest fund managers in the world.
Rob Citrone
Rank: 1741
Net-worth: $1 billion
Age: 50
Fund: Discovery Capital
Source: Forbes
Brian Higgins
Rank: 1533
Net-worth: $1.2 billion
Age: 50
Fund: King Street Capital
Source: Forbes
Richard Chilton, Jr.
Rank: 1533
Net-worth: $1.2 billion
Age: 56
Fund: Chilton Investment Company
Source: Forbes
See the rest of the story at Business Insider