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.


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