2010 Highest-Paid 25 Hedge Fund Managers Got $22 Billion according to AR Magazine
The highest-paid U.S. hedge fund managers at some of the biggest and best-performing funds Collectively, this privileged class of traders did quite well for itself -- raking in some $22 billion in compensation, according to AR Magazine.
That compares with ten years ago, when the best-paid 25 managers earned a combined $5 billion.
Much of the earnings by hedge fund managers came from fees that were charged whether there was a loss or a profit.
Hedge funds didn’t perform better than the stock market and had a median gain of 8 percent according to the Hedge Fund Intelligence Global Composite Index, compared with an 11.7 percent rise in the MSCI World Index of stocks and 12.7 percent rise in the Standard & Poor’s 500-stock index, the newspaper said.
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.
Here's the 2010 top-10 highest-paid Hedge Fund Managers: