Hedge Fund Managers See Billion-Dollar Paydays
New York Times:
Hedge fund managers, those masters of a secretive, sometimes volatile financial universe, are making money on a scale that once seemed unimaginable, even in Wall Street's rarefied realms.
One manager, John Paulson, made $3.7 billion last year. He reaped that bounty, probably the richest in Wall Street history, by betting against certain mortgages and complex financial products that held them.







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First Posted: 04-16-08 12:20 AM | Updated: 04-23-08 05:12 AM