Tuesday, July 15, 2008

Incomes of Hedgefund Managers in 2006

Combined, the top 25 hedge fund managers earned $14 billion in 2006.

Mr. James Simons, the founder of Renaissance Technologies earned $1.7 billion.


Two other hedge fund managers, Kenneth C. Griffin and Edward S. Lampert, each took home more than $1 billion last year, with George Soros missing the hurdle by $50 million, according to an annual ranking of the top 25 hedge fund earners by Institutional Investor’s Alpha magazine.

Some view them as new-economy financiers, evoking the likes of John D. Rockefeller or John Pierpont Morgan as they provide liquidity to the markets and broadly diversify risks in the banking and financial systems.

http://www.nytimes.com/2007/04/24/business/24hedge.html

No comments: