Posts filed under “Hedge Funds”

Top 10 Hedge Fund Managers 2009 Salary

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 +


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.


Pay of Hedge Fund Managers Roared Back Last Year
NYT, April 1, 2010

Category: Hedge Funds, Wages & Income

7 Habits of Highly Suspicious Hedge Funds

I met Richard Bookstaber at an event recently — very nice guy — and we briefly discussed A Demon of Our Own Design (excerpted here). This week, he discussed The 7 Habits of Highly Suspicious Hedge Funds (The Journal of Investment Management), which he posted on his own blog as a preview. Here’s the overview: 1. No…Read More

Category: Derivatives, Hedge Funds

Pequot Capital Closing

Arthur Samberg, among the best-known hedge-fund managers, is closing down his firm amid an ongoing investigation into possible insider trading WSJ: “Public disclosures about the continuing investigation have cast a cloud over the firm and have become a source of personal distraction,” Mr. Samberg wrote in a letter that was sent to investors of his…Read More

Category: Hedge Funds, Legal

The Cream of the Hedge Fund Crop

Barron’s David Schutt and Jack Willoughby speak about the annual release of this year’s best 100 Hedge Funds.


Category: Hedge Funds, Video

Big Hedge Fund Money

Things are tough all over: > via NYT Top Hedge Fund Managers Do Well in a Down Year LOUISE STORY NYT, March 24, 2009 >

Category: Digital Media, Hedge Funds

Top Hedge Fund Earners

From Alpha Magazine via the NYT, comes the latest list of earners, in order of 2008 take home pay. Unlike the weasels who ran Merrill, Morgan, Bear & Lehman into the ground, then grabbed the cash and ran, these boys actually made their money the old fashioned way: They earned it, via outperformance. Read ‘em…Read More

Category: Hedge Funds, Markets, Trading

The Biggest A.I.G. Counterparties

> Source: A.I.G.’s Bailout Priorities Are in Critics’ Cross Hairs GRETCHEN MORGENSON NYT March 17, 2009

Category: Bailouts, Derivatives, Digital Media, Hedge Funds

Get Long Torches & Pitchforks

This guy Ritholtz is a firebrand . . . > > Source: Get Long Torches & Pitchforks: Bailouts “Absolutely Asinine,” Ritholtz Says Aaron Task Mar 10, 2009 11:15am EDT

Category: Bailouts, Credit, Derivatives, Hedge Funds

Backdoor Bailouts for Goldman Sachs?

My recent tirade against bailing out the hedge fund half of AIG makes much more sense when you consider who is actually getting all of the taxpayer largesse: Counter-parties of AIG, especially one Goldman Sachs. Some estimates have been in excess of $25 billion to GS. As AIG ran into the arms of the Fed…Read More

Category: Bailouts, Derivatives, Hedge Funds, Markets, Politics

Solvent Insurer / Insolvent Insurer

Forget the good bank/bad bank, I have an even bigger beef with this INSANE absurdity: Why are the taxpayers making good on hedge fund trades gone bad? I cannot figure that one out. When AIG first faltered, there were two companies jammed under one roof. One was a highly regulated, state supervised, life insurance company….Read More

Category: Bailouts, Corporate Management, Credit, Hedge Funds