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The 25 Highest-Earning Hedge Fund Managers
Times may be tough for most folks, but not for the top moneymakers on Alpha magazine’s eighth annual ranking of the world’s highest-earning hedge fund managers. They took home, on average, an anything but average $464 million apiece in 2008. Four hedge fund managers took home more than $1 billion each. Altogether the 25 highest-earning hedge fund managers made $11.6 billion, making 2008 the third-best year on record since Alpha began compiling its exclusive ranking.
Alpha uses two components to calculate earnings: the managers’ shares of their firm’s performance and management fees, as well as gains on their own capital invested in their funds.
The index below is a guide to the profiles of this year’s top-earning managers. Click on the bolded names below to read the top 11 hedge fund managers' profiles.
Rank Name Firm Name 2008 Earnings 1 James Simons Renaissance Technologies Corp. $2.5b 2 John Paulson Paulson & Co. $2.0b 3 John Arnold Centaurus Energy $1.5b 4 George Soros Soros Fund Management $1.1b 5 Raymond Dalio Bridgewater Associates $780m 6 Bruce Kovner Caxton Associates $640m 7 David Shaw D.E. Shaw & Co. $275m 8 Stanley Druckenmiller Duquesne Capital Management $260m 9 (tie) David Harding Winton Capital Management $250m 9 (tie) Alan Howard Brevan Howard Asset Management $250m 9 (tie) John Taylor Jr. FX Concepts $250m 12 James Chanos Kynikos Associates $225m 13 Michael Platt BlueCrest Capital Management $210m 14 Roy Niederhoffer R.G. Niederhoffer Capital Mgmt $200m 15 John Horseman Horseman Capital Management $180m 16 Paul Touradji Touradji Capital Management $140m 17 Henry Laufer Renaissance Technologies Corp. $125m 18 Kenneth Tropin Graham Capital Management $120m 19 (tie) Pierre Andurand BlueGold Capital Management $ 90m
Dennis Crema 19 (tie) Christopher Rokos Brevan Howard Asset Management $ 90m 22 (tie) Christian Baha Superfund $ 85m 22 (tie) Christian Levett Clive Capital $ 85m 24 William Dunn Dunn Capital Management $ 80m 25 Andrew Hoine Paulson & Co. $ 75m