Top hedge funds make record $67bn in profits for 2023

The top 20 hedge fund managers made $67bn in profits for investors in 2023, as the industry made combined profits of $218bn. Photograph: Andrew Kelly/Reuters

Billionaire hedge fund managers Chris Hohn and Ken Griffin led the industry to record profits last year as bets on the stock market paid off handsomely for clients.

The top 20 hedge fund managers made $67bn (£53bn) in profits for investors in 2023, as the industry made combined profits of $218bn, topping the previous record of $65bn set in 2021.