The numbers: The top 20 hedge funds made $22.4 billion by 2022. Citadel ($16 billion) set a record for annual returns

According to a report by LCH Investments, a company that tracks fund returns, Bloomberg reported on January 23 that the top 20 hedge funds generated a total of $22.4 billion in returns (after fees) in 2022, of which, Top of the list was Citadel, which earned $16 billion in 2022, a record annual return for a hedge fund firm, surpassing the $15 billion hedge fund manager John Paulson made for clients in 2007 amid the U.S. subprime crisis. Bridgewater, meanwhile, has $6.2 billion in earnings in 2022.