March 25, 2009 3:51 AM
Top 25 Hedge Fund Managers See Take Home Pay Drop 48 Pct in 2008
By staffwriter
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0The hedge fund industry still generated big profits in 2008 for top earners despite a 48 percent dropoff, according to a new survey by Alpha Magazine.
The top 25 hedge fund managers saw their average take home pay drop 48 percent to $464 million last year. The average in 2007 was $892 million.
James Simons of Renaissance Technologies Corp was the top earner, followed by John Paulson of Paulson & Co with $2 billion, John Arnold of Centaurus Energy with $1.5 billion and George Soros of Soros Fund Management with $1.1 billion.
The top 25 earners made a combined $11.6 billion.
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