George Soros' Quantum Endowment fund has been named the world's most successful hedge fund, after it gained $5.5 billion in 2013, bringing the total gains since inception to $39.6 billion.
Quantum overtook Ray Dalio of Bridgewater Pure Alpha in a study by LCH Investments which ranked the top 20 hedge fund managers by net gains in 2013.
Soros, best known for his bet against sterling in 1992 which made Quantum $1 billion, stepped down from running the fund in 2011. Nonetheless performance has continued to thrive under Chief Investment Officer Scott Bessent while still benefiting from Soros' "continuing oversight," said Rick Sopher, chairman of LCH Investments, in a statement accompanying the report.
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