The Hedge Fund Manager Who Bucked The Trend And Became A Billionaire(Forbes) There are fewer hedge fund managers on The Forbes 400 list of richest Americans than there used to be. The once-swashbuckling industry has been rocked by disappointing returns that have humbled hedge fund stock pickers, activists, macro traders and, as is natural in a long bull market, short sellers. To the extent that there have been exceptions in this era of hedge fund disappointment, they have mostly come from the world of computer-driven quantitative trading and large multi-manager models—and even there it has only been the elite (think Renaissance or Citadel) that have consistently done well.