Here are the top 10 managers for 2009 in terms of net compensation. The majority  of this comp is based on performance fees, plus investment returns on their own money.

The top 25 earners were paid a collective $25.3 billion. The lowest earner on the list earned a puny $350 million — a shanda! — making it embarrassing to even show his face at the country club. (What a loser).

Here’s your top 10 list:

Top Earning Fund Mangers

1.David Tepper, Appaloosa Management
Est. 2009 personal earnings: $4 billion

2. George Soros, Soros Fund Management
Est. 2009 personal earnings: $3.3 billion

3. James Simons, Renaissance Technologies
Est. 2009 personal earnings: $2.5 billion

4: John Paulson, Paulson & Company
Est. 2009 personal earnings: $2.3 billion

5: Steve Cohen, SAC Capital Advisors
Est. 2009 personal earnings: $1.4 billion

6. (tie): Carl Icahn, Icahn Capital
Est. 2009 personal earnings: $1.3 billion

6. (tie): Edward Lampert, ESL Investments
Est. 2009 personal earnings: $1.3 billion

8. (tie): Kenneth Griffin, Citadel Investment Group
Est. 2009 personal earnings: $900 million

8. (tie): John Arnold, Centaurus Advisors
Est. 2009 personal earnings: $900 million

10. Philip Falcone, Harbinger Capital Partners
Est. 2009 personal earnings: $825 million

All data, NYT, Absolute Return + Alpha.com

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As I have noted in the past, I have no problem with anyone making absurd amounts money of who actually earned it through their skill or creativity or business acumen. If you create something (Search engine, iPhone, etc.) or if you are an being outstanding investor or stock picker or trader, so be it.

My issue is with the people who rape and pillage their charges, leaving a destroyed firm behind, and the bills covered by the shareholders or taxpayers.

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Source:
Pay of Hedge Fund Managers Roared Back Last Year
NELSON D. SCHWARTZ and LOUISE STORY
NYT, April 1, 2010  
http://www.nytimes.com/2010/04/01/business/01hedge.html

Category: Hedge Funds, Wages & Income

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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