2 Attachment(s) 2016 was a challenging year for hedge funds.

The business as a complete only shipped a 5.4% return for customers, well below the SP 500's return of 11.9%, according to information from eVestment.

Poor efficiency and large costs drove cash from the cash managers' funds by about $70 billion last year, the largest fall since 2009, based on data tracker HFR.

This back-drop, however, had small influence on the bottom line of most of the very best hedge fund administrators of the globe.

According to Institutional Investor's Alpha magazine's recently-released list of the best-earning hedge-fund administrators, the top 25 hedge-fund heads gained $11 billion in total last year.

Among the billionaires who posted sub-par returns are Ken Griffin, founding father of of Citadel, who pocketed $600 million despite creating traders in his principal flagship funds just more than 5 5%, as stated by the New York Times. And founding father of of Third Point, Dan Loeb, gained $260-million after his fund posted gains of just 6%.

To be certain, some fund managers done properly, like Renaissance Technologies. The organization Renaissance Institutional Equities Fund and Renaissance Institutional Diversified Alpha Fund obtained 21.5% and 11%, per the Times.

While the sum of total funds that supervisors created last year is down from the others, as stated by the Times, it is nonetheless double than what it was in 2000, the year that Institutional Investor first rolled-out the yearly checklist.