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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (126824)	4/1/2011 3:32:33 PM
From: hdl	Read Replies (2) \| Respond to of 132070

guys in my neighborhood aren't making quite what they used to. but, we don't have equal outcvomes in u s a. NEW YORK (By Matthew Goldstein) - The richest 25 hedge fund managers made a bit less money last year. But don't cry too hard. Collectively, this privileged class of traders did quite well for itself -- raking in some $22 billion in compensation, according to AR Magazine. Topping the charts in hedge fund pay was John Paulson, who reportedly earned $4.9 billion. Paulson's name at the top of the "rich list" isn't too surprising, given that his $36 billion Paulson & Co has emerged as one of the industry's top performing funds. AR reports that Paulson's 2010 earnings even bested the $3.7 billion he made in 2007, when he rocketed to hedge fund fame with his enormously successful wager on the housing market's collapse. Other top earning managers were: Bridgewater Associates' Ray Dalio with $3.1 billion, Renaissance Technologies' Jim Simons with $2.5 billion, Appaloosa Management's David Tepper with $2.2 billion and SAC Capital Advisors' Steve Cohen with $1.3 billion. Overall, the hedge fund trade publication reports that compensation for the top 25 managers declined by 13 percent from 2009. But 2010 still came in as the third best year for hedge fund pay since AR began estimating industry compensation in 2001.