Yes that's right. According to Forbes magazine just 40 hedgies earn $16.7 billion in 2012. That is unbelievable. Just the top 40. Never mind the rest. While I am sure they know their onions they do seem to be awarded a lot.
It's also fair to note that lots of hedge funds go bust regularly so they really are good at the job but still - wow.
Here is the the top 10 List to get you started - As compiled by Forbes - 2012 Earnings in $million
1) David Tepper - $2.2 billion - Appaloosa Management
2) Carl Icahn - $1.9 billion - Icahn Capital
3) Steve Cohen - $1.3 billion SAC Capital Advisors
4) James Simons - $1.3 billion - Renaissance Technologies Corp.
5) George Soros - $1.1 billion - Soros Fund Management LLC
6) Ken Griffin - $900 million - Citadel LLC
7) Ray Dalio - $800 million - Bridgewater Associates
8) David Shaw - $625 million - D. E. Shaw & Co., L.P.
9) Leon Cooperman - $470 million - Omega Advisors, Inc.
10) Daniel Loeb - $425 million - Third Point
The rest can be found here on the Forbes website.
No comments:
Post a Comment