The most effective 25 US hedge investment supervisors attained a lot more than $11bn this past year – one of their worst-ever many years.
It may sound like plenty, nevertheless the collective $11.6bn taken residence by the 25 leading (all male) hedge fund supervisors in 2014 had been about 1 / 2 what they obtained in 2013 additionally the cheapest considering that the 2008 financial meltdown.
Institutional Investor’s Alpha mag, which conducts the yearly hedge investment pay review, described the income as “paltry” despite their collective individual earnings becoming over the gross domestic item of Nicaragua, Laos or Madagascar.
“How bad was ?, ” Alpha magazine said. “The 25 hedge fund managers on our 14th yearly Rich checklist made a paltry $11.62bn combined, hardly 1 / 2 of the $21.15bn the very best 25 attained the previous year and about corresponding to whatever they took residence during nightmarish 2008.
“Harsh memories for the global financial meltdown pervaded Wall Street in 2014 – at the least, for highest-earning hedge fund managers, ” Alpha stated.
Alpha said the typical 2014 profits had been “just $467m” down from $846m in 2013 – which can be nevertheless 18, 800 times the typical United States income of $44, 888.
The most notable three managers – Citadel’s Kenneth Griffin, Renaissance Technologies’s James Simons and Bridgewater Associates’ Ray Dalio – all made more than $1bn last year, with Griffin claiming the most effective spot with $1.3bn.
In 2013, the utmost effective performing hedge fund supervisor David Tepper of Appaloosa Management took house $3.5bn after huge bets on flight stocks reduced.