Last year, the top 25 managers earned $32 billion even as the economy crashed and markets wobbled.

These managers made bank

Today, Institutional Investor unveiled the 20th edition of its Rich List, one of the most watched rankings of hedge fund managers’ performance. Every year, financial tycoons pore over the magazine’s estimates of whose fortunes are up the most.

Last year, the top 25 managers earned $32 billion even as the economy crashed and markets wobbled. Over all, hedge funds returned 11.6 percent last year, according to Hedge Fund Research, their best performance in a decade but not enough to keep pace with the S&P 500, which was up 16 percent.

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“It may not be seemly, but it remains fact,” the magazine’s editors wrote.

Here are the top earners, according to the list:

  • Izzy Englander of Millennium Management, who earned an estimated $3.8 billion and whose flagship fund produced a 26 percent return.
  • Jim Simons of Renaissance Technologies, who earned $2.6 billion and whose flagship generated a 76 percent return (but whose fund open to outside investors lost big).
  • Chase Coleman of Tiger Global Management, who earned $2.5 billion and whose top fund returned 48 percent.
  • Ken Griffin of Citadel, who earned $1.8 billion and whose main fund returned 24 percent. (The firm has made headlines for other reasons, too.)
  • Steve Cohen of Point72 Asset Management and David Tepper of Appaloosa Management both earned an estimated $1.7 billion.
  • The rest of the best: Philippe Laffont of Coatue Management ($1.6 billion), Andreas Halvorsen of Viking Global Investors and Scott Shleifer of Tiger Global (both $1.5 billion), and Bill Ackman of Pershing Square Capital Management ($1.4 billion).
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