Hedge Fund manager Citrone made more than Bill Ackman and Paul Singer in 2024
Video Overview & Insights
Hedge fund founder Rob Citrone made more money for himself in 2024 than billionaires Bill Ackman, Andreas Halvorsen and Paul Singer as killer returns at his 26-year-old fund, Discovery Capital Management, made him an estimated $730 million. That payday ranked him No. 9 on Bloomberg’s annual list of the best-paid hedge fund founders and marks his first appearance since the ranking’s inception in 2019. Tom Maloney has more.
I stepped into trading thinking I could learn as I >go. and while I loved the Challenge, the reality hit Hard. YouTube wasn't enough, and the Constant Ups And downs left me >Guessing. I lost More than I won, but it taught me What I was Missing.
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50 % return means you are above cloud
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Most of this growth is not due to their "performance", this is all due to the Federal Reserve buying up all the debt and forcing brand new cash to seek yield resulting in a ballooning equities market. This is not something to celebrate, this is actually quite terrifying.
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