Minneapolis Star Tribune- The subprime mortgage mess that has caused massive losses for homeowners and banks was a little kinder to hedge fund manager John Paulson. Betting that subprime mortgage securities would sour, Paulson personally earned $3.7 billion last year.
Yes, that’s billion with a "B."
He wasn’t the only one with Titanic-size profits. Two other fund managers, George Soros and James Simons, who are notoriously secretive about their investments, earned $2.9 billion and $2.8 billion, respectively, according to Alpha Magazine’s annual list of top hedge fund earners.
