Editor’s Letter – Issue 150

September 2020

Hamlin Lovell
Originally published in the August | September 2020 issue

LCH Investments’ annual ranking of the most profitable 20 hedge fund managers is most famous for estimating the profits they have made for their investors. But the report also highlights that the top 20 have distributed over $62.5 billion to philanthropy and charity, and that this makes up around 45% of the performance fees they have earned since inception, as of the end of 2019. Some managers want to go further than this, and have signed The Giving Pledge, whereby they – and often also their spouses and families – commit to give away the majority of their wealth, either in their lifetimes or after. 

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