{"id":201574,"date":"2020-02-12T20:08:49","date_gmt":"2020-02-12T17:08:49","guid":{"rendered":"https:\/\/ww-vb.mine.nu\/w108\/15-hedge-fund-managers-earned-12b-last-year-thanks-to-bullish-tech-stocks\/"},"modified":"2020-02-12T20:08:49","modified_gmt":"2020-02-12T17:08:49","slug":"15-hedge-fund-managers-earned-12b-last-year-thanks-to-bullish-tech-stocks","status":"publish","type":"post","link":"https:\/\/hameed.nwar.uk\/sa\/15-hedge-fund-managers-earned-12b-last-year-thanks-to-bullish-tech-stocks\/","title":{"rendered":"15 hedge fund managers earned $12B last year \u2014 thanks to bullish tech stocks"},"content":{"rendered":"

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Just 15 hedge fund managers collectively earned $12 billion last year, fueled by bullish tech stocks like Facebook and Microsoft.<\/p>\n

Even more impressive, Bloomberg reports\u00a0that five of those managers reaped more than $1 billion all by themselves in 2019. While most of the profits go directly to their clients, these top funds generally take 20% ($200 million) for themselves.<\/p>\n

Tech stocks connect these top-performing managers. Most of the highest earners\u00a0Bloomberg analyzed found significant success<\/span>\u00a0with investments\u00a0in Facebook Inc. and China\u2019s Alibaba Group Holdings Ltd.<\/p>\n

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<\/a>Facebook chart over past 12 months courtesy of eToro.<\/figcaption><\/figure>\n

The top performing fund manager, Chris Hohn, reportedly backed Google\u2019s parent company Alphabet Inc. and Microsoft to gain 41% for his clients.<\/p>\n

\u201cIf that\u2019s where the opportunity is [tech], it\u2019s where it is, [b]ut it creates challenges for us,\u201d\u00a0Aberdeen Asset Management exec Darren Wolf told reporters, adding that many of Aberdeen\u2019s clients already invest in indexes that heavily favor tech stocks like Facebook and Alibaba.<\/p>\n

Tech stocks made investors billions last year<\/h2>\n

Indeed, tech powerhouses Facebook and Alibaba made for great investments last year, with stock prices for both companies increasing by\u00a0more than 50% in 2019.<\/p>\n

Despite managing cloud platforms, digital payments, streaming services, and artificial intelligence initiatives, Jack Ma\u2019s Alibaba is still an e-commerce business. A whopping 85% of its revenue last quarter came from its online marketplaces (Alibaba.com, Taobao, and TMall).<\/p>\n

Still, Alibaba\u2019s expansion into other areas of tech makes it easier to benefit from an ever-expanding Chinese economy. This is reflected in its earnings reports, with Alibaba\u2019s annual revenue surging 56% between 2017 and 2019, on average.<\/p>\n

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<\/a>Alibaba chart over past 12 months courtesy of eToro.<\/figcaption><\/figure>\n

As for social media giant Facebook, healthy revenue combined with growth in monthly active users (and a relatively scandal-free year) kept it strong\u00a0in 2019.<\/p>\n

However, Business Insider recently reported that prominent Facebook investor Peter Thiel had sold $11 million worth of Facebook stock earlier this month, reducing his total holdings in the Zuckerberg-led company by 81%.<\/p>\n

At one point, Thiel owned roughly $9 billion in Facebook shares, if scaled to today\u2019s market prices.<\/p>\n

In 2020, tech stocks certainly\u00a0seem<\/em> just as powerful. Markets trading shares in companies like Tesla, Microsoft, and Sprint have all seen positive action this year, the latter of which is\u00a0enjoying a 75% pump thanks to the approval of its $26.5 billion merger with T-Mobile.<\/p>\n

\n Published February 12, 2020 \u2014 16:20 UTC\n <\/p>\n<\/p><\/div>\n