1. The Rich List
Alpha’s annual roundup of the top-earning hedge fund managers revealed that David Tepper took home a cool $2.2 billion in 2012.
2. The Hedge Fund 100
Our annual ranking of the largest hedge fund firms in the business found that once again, Bridgewater topped the list, with $83.3 billion in assets.
3. Four SAC Alums to Open New Funds
It was not a good year for SAC Capital Advisors founder Steven Cohen, whose firm pleaded guilty to securities fraud and was ordered to pay a total of $1.8 billion in fines. But this story revealed that despite SAC’s tarnished image, investors are still interested in offerings from its alumni.
4. Maverick Capital’s Lee Ainslie Launches New Hedge Fund
This story broke the news of Tiger Cub Lee Ainslie’s Maverick Select fund.
5. Is Renaissance Technologies Falling off the Mark?
Steve Taub’s story on the quant firm founded by James Simons explained that two of the firm’s main funds posted disappointing results in 2012. One of those funds, the Renaissance Institutional Equities Fund, has fared much better this year.
6. Baupost Navigates a Tough, Yet Still Profitable, 2012
This story offered insights from the year-end letter that popular hedge fund manager Seth Klarman wrote to Baupost’s clients.
7. Seth Klarman Parts the Curtains, Carefully
In this story, Stephen Taub revealed that the media-shy manager acknowledged that the firm was taking steps to manage its public image, including hiring a communications pro. (How media shy is Klarman? Well, stories about the firm are so rare that no fewer than four of our exclusive Baupost stories made this year’s Top Ten.)
8. The Alpha Hedge Fund Hall of Fame
Alpha inducted the first new members to its Hall of Fame in five years. The newest members, including Israel Englander, David Tepper and David Shaw, shared insights gleaned from their years in the business in wide-ranging interviews.
9. Seth Klarman’s Baupost to Return Some Capital to Clients
Stephen Taub got the scoop that the firm planned to return capital to investors for only the second time in its history.
10. Seth Klarman’s Baupost to Return $4 Billion
This story advanced Taub’s earlier report, offering details on the amount of capital the firm planned to return to investors and timing of the move.