And The Billy Big Bonus Of 2007 Was.........
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Forget that $100m or so Goldman CEO Lloyd Blankfein is said to have earned last year - these guys wouldn't get out of bed for that. According to data compiled by Trader Monthly, you had to earn $75m in 2007 just to get into the list of top 100 hedge fund earners. And, as The Financial Times points out, the 10 best-paid hedge fund managers (detailed below) earned more than the combined GDP of Afghanistan and Mongolia. Then there's John Paulson, who topped the list with $3bn, who could have purchased Bear Stearns almost three-times over out of his gross earnings last year!
Here's the Top 10:
1. John Paulson, Paulson & Co - $3bn +
=2. Phil Falcone, Harbinger Capital Partners - $1.5 - $2bn
=2. Jim Symons - Renaissance Technologies - $1.5 - $2bn
=4. Steve Cohen - SAC Capital Advisors - $1 - $1.5bn
=4. Ken Griffin - Citadel Investment Group - $1 - $1.5bn
6. Chris Hohn - The Children's Investment Fund - $800 - $900m
=7. Noam Gottesman - GLG Partners - $700 - $800m
=7. Alan Howard - Brevan Howard Asset Management - $700 - $800m
=7. Pierre Lagrange - GLG Partners - $700 - $800m
10. Paul Tudor Jones - Tudor Investment Corp. - $600 - $700m.
All earnings are estimates.
Sources - www.traderdaily.com
