The 5 Best-Paid Hedge Fund Managers (PHOTOS)

We heard a lot about CEO pay when Wall Street firms doled out their annual bonuses earlier this year. Of course, any bonus at all could be interpreted as excessive after the massive taxpayer-funded bailouts that rescued the big banks from failure. But Goldman Sachs CEO Lloyd Blankfein's $9 million 2009 bonus and JPMorgan CEO Jamie Dimon's $17 million bonus pale in comparison to the top hedge fund managers' paychecks.

According to a ranking by AR: Absolute Return+Alpha magazine, the top 25 best-paid hedge fund managers made $25.3 billion in 2009 -- over $1 billion each on average. (The lowest-paid on the list earned $350 million, but seven of them actually brought home more than a billion dollars.) And you've likely never heard of.the manager who made the most -- $4 billion -- this year.

Check out the top five:

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#5 Steve Cohen -- $1.4 billion

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Steve Cohen, who runs SAC Capital Advisors, made $1.4 billion last year, making him the fifth best-paid hedge fund manager, according to AR: Absolute Return+Alpha magazine.

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Steve Cohen, who runs SAC Capital Advisors, made $1.4 billion last year, making him the fifth best-paid hedge fund manager, according to AR: Absolute Return+Alpha magazine.

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Comments

[Iccallie]

05:32 PM on 05/15/2010

Their is a mirror called 'Truth and Justice' that ALL of the CORRUPT, GREEDY THUGS from Wall Street, JP Morgan, ETC. must look into one day. UNFORTUNATELY, The reflection they will see won't be worth the Millions, Billions and Trillions they have stolen and connived to get.
The tormenting moments each individual will suffer as a result of worshipping their 'MONEY-GOD' via GREED and CORRUPTION will by far out weigh and exceed the $$$$ they have collected. Hopefully, they are prepared for the unimaginable price they will pay.

Surely, they are SMART enough to realize the can of worms they opened would
crawl all over them sooner or later.

[BrickSykes]

08:30 PM on 04/27/2010

I guess these guys think that they can hide from the American People, huh? They have no idea just how close they are to getting gunned down in the streets. Geo. H.W. Bush was reported to have commented to one of his associates once that if the American People ever found out the kinds of crimes that were being inflicted on the Public by Wall Street big shots, the people would drag them out of their homes and slaughter them in the streets. I know I read that somewhere, and of course it is anecdotal but he knew just as these crooks know that what they were and are doing should earn them a one way trip to the gallows! Trouble for us is that the appropriate laws have been neutered and gamed by America's slickest lawyers, lobbyists and the Republican Party that the law can't really touch them. I'd love to see an address book published with all their names and addresses, where they hang out, which churches they attend, which country club or yacht club or wherever else they might frequent. Not to threaten them so much, though they surely deserve to feel a little heat, but to let them know they need to start watching their back. IMHO of course!

Brick

[Stalling]

11:57 PM on 04/27/2010

Game the system is right. They are trained sociopaths. They categorically will not change nor give a crap about anyone only the gaming house they intend to control.

http://www.pbs.org/moyers/journal/04232010/watch.html

[BestGuest]

08:18 AM on 04/17/2010

Your Govt. is involved in this hand and foot... From Bill Clinton to GW Bush to Obama..... Do some research if you do not know already

Peace

[Hwy91]

01:44 PM on 04/17/2010

Tell us, BestGuest, where you did the research to conclude that "Your Govt. is involved in this hand and foot... From Bill Clinton to GW Bush to Obama"... And why do you suppose the Obama administration would expose the whole mess? Suicide by politics?

[themuse]

02:12 AM on 04/13/2010

Wall Street is a cesspool of horders.

[bobwalters]

11:28 PM on 04/11/2010

Obscene!!

[evgolightly]

01:35 PM on 04/11/2010

Yet they pay fewer taxes than their secretaries because their earnings are still considered "capital gains".

Please. They are not providing capital infusions to companies, as the original concept was intended. In many cases, they are adversly affecting companies by shorting their stock or manipulating their price through algorithims that take advantage of split second delays between the "buy" and "ask"....

Hedge fund "geniuses" provide nothing to society as a whole, or to the fluidity of the market. Tax them accordingly.

[ibsteve2u]

09:02 AM on 04/11/2010

Is no doubt in my mind that one or more of these people helped expose the scam in the mortgage industry.

How? By speculating in oil 2005-2008...thereby driving the cost of energy so very high that borderline homeowners could either pay the mortgage, or drive back and forth to work...but not both. Eventually, the increasing number of defaults blew the scam.

Not that the hedge funds and the banks (like Citigroup's Philbro) did it on purpose...lolll...just Wall Street greed at work, feeding off of whatever got within range - even other parts of themselves.

[Nathaniel Mills]

11:01 PM on 04/10/2010

It's the NewNewNewNewNew Math.

[Faraja]

08:06 PM on 04/10/2010

Long Live Free Market Capitalism!

[BrickSykes]

08:35 PM on 04/27/2010

$hoot, we haven't lived under 'True Capitalism' for many decades, probably going back to the industrial revolution. Our 'capitalism' morphed into 'fascism' way back.

Brick

[andyg]

04:49 PM on 04/10/2010

Does anybody have any idea, if all the funds are off-shore and pays no taxes, or just Soros, who want's higher taxes for everybody but him.

[aristippe]

08:41 PM on 04/10/2010

invest in a grammar book, then we will talk.

[Nathaniel Mills]

11:03 PM on 04/10/2010

Avast, ye grammar-kook, the Plank ye shall walk!

[BrickSykes]

08:37 PM on 04/27/2010

...heh, heh, no $hit!

Brick

[ibsteve2u]

09:04 AM on 04/11/2010

Good thing George Soros exists...else you guys wouldn't have any rich not-a-righties to complain about at all, would you?

Which should tell you something, by the way. Should, but won't.

[julieintx]

12:42 PM on 04/13/2010

Fuld, Cassano, Dimon, Blankfein, Mafoff--all Dems.

[julieintx]

12:51 PM on 04/13/2010

The Sandlers and Pritzkers helped bring about the mortgage crisis. They are huge Dem donors.

Almost all of the 20 richest congressional districts are represented by far left Dems. Almost all of the richest senators are Dems.

The mega-wealthy skew Dem, and the those in the NY finance industry are almost all Dem.

[US1st2009]

01:32 PM on 04/10/2010

Not One Prosecution!

All of the stolen Trillions from our economy via "financial engineering" are deep in the banksters off-shore, tax free, accounts. This includes greenspam, rubin, prince, weill, these 5 hedge fund managers aka Financial Terrorists.

the same players embed themselves or their minions into our government to stymie reform or write our laws to benefit themselves. rubin is the poster child for this treason.

Not one prosecution.

the supreme court says corporations have the same rights as people.

there will never be a prosecution.

the only way to make a killing at a casino is to own one.

the way to make a killing in the US, literally and figuratively, own it.

[US1st2009]

12:46 PM on 04/10/2010

time to tear down the temples of financial terrorism

[Margo Arrowsmith]

05:17 PM on 04/10/2010

I liked the way you said that. fanned

[Mike Kopac]

09:06 AM on 04/10/2010

HAVE FAITH EVEN AND BLACK RABBIT LEFT THE POST>>>>

[Mike Kopac]

08:59 AM on 04/10/2010

faith even

could you explain the value they create,..also ,the link on your cite..do you get paid for every click on it?

[Mike Kopac]

08:56 AM on 04/10/2010

the question below is for BLACK RABBIT......