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Top hedge fund bosses earn a record $28bn (Soros gets $3.3 billion)
Herald Sun ^ | April 4 2010 | unknown

Posted on 04/03/2010 6:13:31 PM PDT by Brugmansian

"The world may still be coming out of the Great Recession, but for the richest hedge fund managers, 2009 was the best year ever. And it couldn't have happened without the carnage of 2008," the magazine said.

Appaloosa Management chief David Tepper, who bet on the recovery of banks and the debt of bailed-out US insurer AIG, earned the biggest payouts with $US4 billion ($4.36 billion) in 2009, a record for the sector.

US financier George Soros, the head of Soros Fund Management, took the second spot with $US3.3 billion ($3.6 billion), followed by James Simmons of Renaissance Technologies with $US2.5 billion ($2.73 billion).

(Excerpt) Read more at heraldsun.com.au ...


TOPICS: Business/Economy; Front Page News; Politics/Elections
KEYWORDS: billionaires; fundingtheleft; hedgefunds; soros

1 posted on 04/03/2010 6:13:31 PM PDT by Brugmansian
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To: Brugmansian

IF the Manager’s contract calls for a % of Revenue as pay or bonus... and he meets that revenue...

GOD BLESS HIM... and good luck with the IRS


2 posted on 04/03/2010 6:17:48 PM PDT by gwilhelm56 (Islam is a Political System DISGUISED as a RELIGION!)
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To: gwilhelm56

I’m all for a free market but many of these guys are manipulating the market. Those manipulations end up costing you and me a LOT of money.


3 posted on 04/03/2010 6:20:55 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Brugmansian

“Appaloosa Management chief David Tepper, who bet on the recovery of banks”

Good bet, when you know McCain and Obama were going to bail out Goldman, JPMorgan, etc. Their earnings are laundered taxpayer dollars and debt.

Gosh, flashback to McCain and Limbaugh and similar panicking about the “nationalization of banks.” Useful idiots.


4 posted on 04/03/2010 6:22:43 PM PDT by Shermy
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To: driftdiver

Agreed. The manipulation by hedge funds is well known. They are totally unregulated and are HUGE contributors to Dems.


5 posted on 04/03/2010 6:26:45 PM PDT by Frantzie (McCain=Obama's friend. McCain called AMERICANS against amnesty - "racists")
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To: Brugmansian

Soros as Obama’s biggest supporter, wasn’t he?

This needs to be said at every turn. A talking point in every discussion.


6 posted on 04/03/2010 7:17:12 PM PDT by CodeToad
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To: CodeToad

“wasn’t” ????

I have no doubt that Soros will continue to finance that “fundamental transformation” until it has been completed, or loyal Americans throttle it.


7 posted on 04/03/2010 7:42:58 PM PDT by Elsiejay (.)
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To: Brugmansian

The rich get richer in Obamaland. “:)


8 posted on 04/03/2010 8:03:26 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...

Only half of it came from fees to his marks, er, clients... ;’)


9 posted on 04/03/2010 8:39:23 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: Shermy

“Good bet, when you know McCain and Obama were going to bail out Goldman, JPMorgan, etc. Their earnings are laundered taxpayer dollars and debt.”

Easy to see that if the government is passing out $700M in TARP funds and the Fed is opening it’s discount window to the big boys (JPM, Goldman, etc) for trillions in interest free money that they’re going to make money, economic fundamentals be damned. It will be interesting to see what happens going forward though since I don’t think they’ll get away with it a second time so they better hope the economy really is recovering.


10 posted on 04/03/2010 8:43:19 PM PDT by trapped_in_LA
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To: Brugmansian

And just how much of that is Soros going to turn over to the socialist government he’s been bankrolling? I didn’t think so.


11 posted on 04/03/2010 8:44:55 PM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: All

He can’t take it with him.

We’re all equal at some point.


12 posted on 04/03/2010 8:59:25 PM PDT by Irenic
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To: Irenic

The sooner he leaves, the better.


13 posted on 04/03/2010 9:00:24 PM PDT by onyx (Facts don't matter. Proof not required. Anything goes! Racial slurs, death threats.....)
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To: onyx

You won’t get any argument from me...


14 posted on 04/03/2010 9:12:14 PM PDT by Irenic
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To: Irenic

LOL. Right. :)


15 posted on 04/03/2010 9:13:48 PM PDT by onyx (Facts don't matter. Proof not required. Anything goes! Racial slurs, death threats.....)
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To: Brugmansian

Soros #2 and Paulsn #4 are big time Left Wing activists. It appears that the majority of these hedge fund managers are left leaning. If so, that should put a stake in the heart of the canard that the big money men are all greedy Republicans. Actually, they are greedy Democrats.


16 posted on 04/03/2010 9:46:23 PM PDT by Post Toasties
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To: Brugmansian
"...who bet on the recovery of banks and the debt of bailed-out US insurer AIG..."

Just think: If they had received insider info from their buddies in the White House, Soros et al would have made BILLIONS. Then they could have donated a big chunk to help their Leftists buddies in the White House.

Hey!

17 posted on 04/03/2010 10:49:35 PM PDT by UnwashedPeasant (Don't nuke me, bro)
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To: Brugmansian

And now you know why They own Us ...


18 posted on 04/03/2010 11:08:00 PM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: Post Toasties
Soros #2 and Paulsn #4 are big time Left Wing activists. It appears that the majority of these hedge fund managers are left leaning. If so, that should put a stake in the heart of the canard that the big money men are all greedy Republicans. Actually, they are greedy Democrats

58 years ago, Whittaker Chambers wrote in "Witness":

In the United States, the working class are Democrats. The middle class are Republicans. The upper class are Communists.

That needs to be updated a little. Government workers, those on government aid and those who buy into racial identity politics are Democrats. The middle class are Republicans. And the upper class are still communists.

19 posted on 04/04/2010 5:34:01 AM PDT by Brugmansian
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To: Brugmansian

Its definatly true. Read Creature from Jekyll -sland. The multi billiones fund and promote communism since they won’t be effected and will be able to control everyone.


20 posted on 04/04/2010 5:41:46 AM PDT by GlockThe Vote
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To: Peanut Gallery

Ping


21 posted on 04/04/2010 5:56:58 AM PDT by Professional Engineer (Day 3: the nice Jewish boy pulls off the greatest escape ever.)
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To: GlockThe Vote

Probably why Russian and Chinese communist took two different paths. The Russian people were plundered for decades and the money laundered in the west. The Soviet block never developed a large export economy because that would have led to autonomy—they couldn’t have kept it confined to favored people in the west . In China however, once the idealism wore off, the Chinese worked for themselves albeit in a fascistic economy.


22 posted on 04/04/2010 6:00:09 AM PDT by Brugmansian
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