Top 10 Hedge Funds’ Profits Surpass Those of Banks

March 2 (Bloomberg) — The top 10 hedge funds, measured by total dollar returns since they started, made profits for their investors of $28 billion in the second half of 2010, the Financial Times reported, citing research by LCH Investments. That was more than the combined profits of Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc., Morgan Stanley, Barclays Plc and HSBC Holdings Plc, the newspaper said. Bloomberg’s Deirdre Bolton reports. (Source: Bloomberg)

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