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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (9878)	3/25/2009 6:45:56 AM
From: puborectalis	Read Replies (1) \| Respond to of 103300

and if he pulls it off will you give him credit?

To: GROUND ZERO™ who wrote (9878)	3/25/2009 6:47:32 AM
From: puborectalis	Read Replies (1) \| Respond to of 103300

LONDON (CNNMoney.com) -- Despite turbulence in the financial markets and the global economic downturn, the world's 25 top-earning hedge fund managers raked in a staggering $11.6 billion last year, according to a ranking released Wednesday. On average, the managers took home $464 million each, Alpha magazine's annual list of top hedge fund earners showed. By comparison, the average take home pay in 2007 was a whopping $892 million. Leading the pack was James Simons of New York's Renaissance Technologies, who took home $2.5 billion in 2008. He was followed by John Paulson, who held the No. 1 spot in 2007. Paulson earned $2 billion last year. In the No. 3 spot was John Arnold, founder of Centaurus Energy, who earned the bulk of his $1.5 billion through natural gas trading, according to Alpha. George Soros, who raked in $1.1 billion, and Raymond Dalio of Bridgewater Associates came in fourth and fifth, respectively. Hedge funds are private investment funds that are targeted mainly at wealthy individuals and large institutions. They use a variety of investment methods, ranging from bets on currencies and mergers to traditional stockpicking. The industry has come under scrutiny in recent years, however, for its secretive nature and for a particular strategy some funds employ known as short selling, or betting against a company. Alpha compiles its list by measuring the share of the performance and management fees the managers receive and the gains they reap from their own investment in their funds.