[lbo-talk] some HFers rake it in

MK mkurk at mac.com
Fri Apr 11 07:34:35 PDT 2008


I wonder where these people live. EPI and CBPP just came out with a state by state analysis of income disparities (google "Pulling Apart" - if someone already posted this, apologies). NY, Connecticut, Rhode Island and my own state Massachusetts win out with the biggest change in income ratios since '87 - as well as biggest income disparities overall. Well, Alabama's up there, too. And RI is freakin' out with a near $400 m deficit - the good guvnah's now ICE'ing immigrants to deflect attention from this small problemo.

What a country - ya gotta love it. Of course, Paulson et al might want to throw some spare change over, maybe a few thou here and there, just to get some good photo ops.

What's that quote by Buffet? About class warfare - and his class winning.

Maryellen

On Apr 11, 2008, at 8:02 AM, Doug Henwood wrote:
> Top 10 HF Managers Earn $14B
> 04-11-2008 Source: Global Money Management
>
>
> The 10 best-paid hedge fund managers earned up to $14 billion in
> 2007, collectively, making record profits from by predicting the
> global financial meltdown, Trader Monthly magazine estimates show.
>
>
> John Paulson and Phil Falcone of Harbinger Capital were the top two
> earners, with payouts of $3 billion and $1.5-2 billion, respectively.
> Both made big gains by betting against U.S. sub-prime mortgage
> securities, but also benefited from activism, including Harbinger's
> recent deal with the board of The New York Times Co.
>
>
> Noam Gottesman and Pierre Lagrange of GLG Partners are estimated to
> have made $700-800 million from unloading part of their stakes in the
> company during its U.S. listing.
>
>
> Jim Simons of Renaissance Technologies earned $1.5-2 billion; Steve
> Cohen of SAC Capital banked $1-1.5 billion, as did Citadel
> Investment's Ken Griffin. TCI's Chris Hohn was estimated to have
> earned $800-900 million. Alan Howard of Brevan Howard is believed to
> have taken home $700-800 million. Finally, Paul Tudor Jones of Tudor
> Investment likely earned $600-700 million.
>
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