It's good to be a hedge investment honcho.
Despite annually for which hedge fund comes back generally speaking lagged the stock exchange, Institutional Investor's 2013 yearly position of hedge fund supervisor compensation, dubbed "The Rich listing, " reveals exactly how lucrative the area 's still.
The very best 25 managers took house $21 billion included in this.
Leading the pack ended up being David Tepper of Appaloosa Management, just who received an eye-popping $3.5 billion this past year, partly by gambling huge on flight stocks.
Never feel also bad for Cohen. He raked in $2.4 billion in 2013.
But this is Cohen's a year ago regarding the list, since his firm, which renamed itself Point72 in wake of their belief, is no much longer permitted to manage cash for other people. Rather, the company today works as a "family company, " meaning it only invests for Cohen along with his workers. With $9.2 billion in possessions, it really is still considered a formidable power on Wall Street.
Various other huge brands inside top ten included John Paulson of Paulson and Co. and Daniel Loeb of Third aim control.
Even one of the hallowed halls associated with hedge investment globe, there is a little bit of "income inequality."
The tenth greatest compensated supervisor with this number had been Paul Tudor Jones of Tutor Investment Corp, who attained a paltry $600 million, or $2.9 billion less than top-dog Tepper.
In general, 2013 could be categorized as some a frustration one of the uber wealthy. It ranks as only the fourth highest 12 months for hedge investment supervisor pay within the last 13 years.The 2014 Deep Checklist – Top 1. David Tepper (Appaloosa Management) $3.5 billion 2. Steven Cohen (SAC Capital Advisors) $2.4 billion 3. John Paulson (Paulson & Co.) $2.3 billion 4. James Simons (Renaissance Technologies) $2.2 billion 5. Kenneth Griffin (Citadel) $950 million 6. Israel (Izzy) Englander (Millennium Management) $850 million 7. Leon Cooperman (Omega Advisors) $825 million 8. Lawrence Robbins (Glenview Capital Control) $750 million 9. Daniel Loeb (3rd Point) $700 million 10. Paul Tudor Jones II (Tudor Investment Corp.)