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The rise and decline of the hedge fund billionaires

Fund managers grew their numbers on billionaire lists in the last decade, but their moment seems to have passed

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Four hedge fund managers fell off the Forbes list of the 400 richest Americans last year, including Mr Ackman (left) of Pershing Square Capital Management, and Mr Einhorn of Greenlight Capital.

New York

IN the annals of the immensely wealthy, the hedge fund manager is a relatively new entry. It has been only about a decade since significant numbers of hedge fund managers, including Kenneth Griffin of Citadel, Paul Tudor Jones of Tudor Investment Corp, and Steven Cohen of Point72

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