Posted on 03/24/2009 8:23:19 PM PDT by Steelfish
Top Hedge Fund Managers Do Well in a Down Year
By LOUISE STORY Published: March 24, 2009
The financial crisis may have turned much of Wall Street’s wealth into dross, but a select group of hedge fund managers has managed to maintain a golden touch that might make King Midas blush.
As major markets and economies careened downward last year, 25 top managers reaped a total of $11.6 billion in pay by trading above the pain in the markets, according to an annual ranking of top hedge fund earners by Institutional Investor’s Alpha magazine, which comes out Wednesday.
James H. Simons, a former math professor who has made billions year after year for the hedge fund Renaissance Technologies, earned $2.5 billion running computer-driven trading strategies.
John A. Paulson, who rode to riches by betting against the housing market, came in second with reported gains of $2 billion.
And George Soros, also a perennial name on the rich list of secretive moneymakers, pulled in $1.1 billion.
(Excerpt) Read more at nytimes.com ...
BS. They made a LOT more. Paulson and Flowers made about 10 times that shorting the market & mortgages with Soros and getting O elected.
The NY Times is lying as usual.
I just knew the crooks would be doing well.
Soros was probably shorting the market....
Hey, Oh,Bummer! Here’s somebody to tax.
maybe ACORN should have a tour of big leftist billionaire homes?
Soros: Another one bites the dust. Hey! Hey! Another one bites the dust. Hey! Hey!
Soros got a nice return on his money. He spends a few hundred million to get leftists elected, and pockets a cool billion and gets his messiah elected.
Sounds like Soros’ plan is working perfectly.
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