Look At These Paupers: The 25 Highest Paid Hedge Fund Managers Of Last Year Made A Trifling $11.62 Billion
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Institutional Investor’s Alpha magazine came out with its annual list of the highest paid hedge fund managers today and if you were hoping the bask in the reflected glow of a staggeringly humongous pile of money, you’ll be sorely disappointed. This year’s haul is more like that pile of lose change you keep on your dresser drawer alongside pocket lint and receipts you’re too lazy to just throw out.
How bad was it? The 25 hedge fund managers on our 14th annual Rich List made a paltry $11.62 billion combined, barely half of the $21.15 billion the top 25 gained the previous year and roughly equal to what they book home during nightmarish 2008. The average earnings were just $467 million last year, down from $846 million in 2013, while the median earner made $400 million, down from $465 million the previous year.
What’s more, to crack the Top 25 one only needed to take home a mere $175 million and to clock in at number one? $1.3 billion versus last year’s $3.5 billion. Herewith, the sorry state of affairs:…
