Hedge Fund Titans’ Pay Stretching To 10 Figures

[interestrateripoff]

http://dealbook.nytimes.com/2013/04/15/pay-stretching-to-10-figures/?ref=business

In recent years, the criticism about giant Wall Street hedge funds — those that command billions of investor dollars from pension funds, endowments and the wealthy — is that they’re simply too big to beat the market.

But a number of the hedge fund leaders who had giant paydays last year bucked the trend. They earned their riches the old-fashioned way: by posting big returns on their investments.

Certainly, plenty of hedge fund titans took home billion-dollar paydays last year despite the fact they lagged the big gains in stocks. For example, Steven A. Cohen, who controls $15 billion in assets at SAC Capital Advisors, which has been under intense scrutiny by government investigators, fell just short of the market’s returns for 2012. His take-home pay, however, was about $1.4 billion, earning him the No. 3 spot among the best-paid hedge fund managers.

The Bridgewater Associates founder Ray Dalio, the colorful manager whose “Principles” manifesto discusses the virtues of hyenas’ killing wildebeests, also could not quite beat the market. Yet he ended the year $1.7 billion richer, according to the annual ranking released on Monday by Institutional Investor’s Alpha.

Not bad pay is it manage $15bn in funds and pick up $1.4bn..... Easy money.

This is what workers get paid, shirkers need not apply.

[Oh Dear]

http://dealbook.nytimes.com/2013/04/15/pay-stretching-to-10-figures/?ref=business

Not bad pay is it manage $15bn in funds and pick up $1.4bn..... Easy money.

This is what workers get paid, shirkers need not apply.

Nice to hear that below average performance can be so well rewarded. I think he should be paid more to help with the motivation.

[200p]

[Stonehenge )z]

It is human nature , if you are sat on top of and in control of a large pile of cash , be it as CEO of a bank , hedge fund or whatever ...who are you going to give the largest share to ...the most deserving of course , you and your closest 'mates , that facilitate maintaining the status quo .

I had a dream last night in which Nigel Farage was prime minister and Max Keiser the chancellor of the exchequer ...if only

[iamdamosuzuki]

Bankers really are the scum of the earth.

[Guest TheBlueCat]

Bankers really are the scum of the earth.

That may or may not be true, but none of these guys work for a bank...