Israel “Izzy” Englander, chairman and chief govt officer of Millennium Management LLC.Ronda Churchill | Bloomberg | Getty PhotosThe 25 highest paid hedge fund managers made a report $32 billion in 2020, up greater than 50% over 2019, in response to Institutional Investor’s Rich List.A complete of 15 hedge fund managers made $1 billion or extra, in contrast with solely eight in 2019. The large positive factors throughout the pandemic, coupled with the general public debate over hedge funds within the wake of the GameStop controversy, is probably going to attract criticism from lawmakers and the general public over hedge fund pay and equity in monetary markets.The prime earner was Israel “Izzy” Englander of Millennium Management, incomes $3.8 billion. His flagship fund was up 26% final yr, which was its finest return in 20 years. Like most of the top-performing funds final yr, Millennium depends extra on inventory selecting than quantitative methods utilizing pc algorithms.In second place is Jim Simons of Renaissance Technologies, who earned $2.6 billion. His traders, nevertheless, did not do as effectively. Renaissance Technologies’ three primary funds for outdoor traders have been down 20% to 30%, in response to report. But its Medallion fund, which is principally for workers, was up 76%. Simons retired as chairman on Jan. 1.Chase Coleman of Tiger Global got here in third place, with a $2.5 billion payday. The fund was an early investor in tech shares and abroad performs that did effectively throughout the pandemic, giving his fund a 48% return. His associate Scott Shleifer, the pinnacle of Tiger’s non-public fairness enterprise, was tied for eighth with $1.5 billion. Shleifer simply purchased the most costly residence ever bought in Florida, paying greater than $130 million for a newly constructed mansion in Palm Beach.Ken Griffin of Citadel, who’s on the middle of the GameStop debate, got here in fourth, with $1.8 billion as his fund was up 24%. Steve Cohen of Point72 Asset Management was tied for fifth, together with Mets proprietor David Tepper, each at $1.7 billion.