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True north seeks to dig deeper and analyse trade ideas fundamentally and then execute or build a position in the best possible technical way. TN has been in the financial industy for a few years and has extensive knowledge in macro economic trading. The approach TN uses to explore trade... More
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  • Highest Paid Hedge Fund managers in 2009 0 comments
    Apr 1, 2010 9:14 AM

    NY times reports the numbers which many in the markets had estimates on: the big pay numbers for the top hedge fund managers.

    Quoting from the article: The highest-paid 25 earning a collective $25.3 billion, according to the survey, beating the old 2007 high by a wide margin.

    Here is a slideshow detailing the numbers in 2009. And here is a slideshow from 2008.

    Interesting observations:

    • David Tepper topped the rankings, raking in $4bn gain on his bank recovery bet
    • George Soros grew 29% to earn $3.3bn
    • Half of the top 10 managers in 2009 had lost money in 2008
    • 3 managers in the top 10 were the real stars as they were back-to-back winners posting positive returns in both the oh-so-difficult 2008 and the resurging 200                 a) Paulson {No 4 in 2009 ($2.3bn), No 2 in 2008 ($2bn)}       b) Soros {No 2 in 2009 ($3.3 bn), No 4 in 2008 ($1.1bn)}       c) Jim Simmons {No 3 in 2009 ($2.5bn), No 1 in 2008 ($2.5bn)
    • The loser turned winners includes some well known names       a) Steve Cohen (SAC) {No 5 in 2009 ($1.4bn), vs. 2008 loss of $750mn}                                                                           b) Ken Griffin (Citadel) {No 8 in 2009 ($900mn), vs. 2008 loss of $2bn}                                                                               c) Phil Falcone (Harbinger) {No 10 in 2009 ($825mn)}


    And as the debate about pay would carry on, most of these HF managers relatively (“relatively” being the key word here) deserve this higher compensation since their clients are supposedly rich people who are not forced into these investments and voluntarily sign on these risk taking funds. And considering their size and market uncertainties (even the 2009 rebound was not an easy prediction when things were going down the drain) these Hedge Funds have done a good job of wealth management.


    Disclosure: None
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