1.0link96892<![CDATA[Hedge Fund Managers See Billion-Dollar Paydays]]>http://www.huffingtonpost.com/2008/04/16/wall-street-winners-see-b_n_96892.htmlHedge 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.