Vanity Fair – A new ranking of the Top 50 hedge fund managers of 2013 features exactly zero women, but it does feature 25 men who raked in $21.15 billion in compensation. That’s a 50 percent increase over 2012, and the most since 2010. All this despite the fact that most hedge funds didn’t even outperform the Standard & Poor’s 500-stock index.
All of that fancy math comes courtesy of Institutional Investor’s Alpha, whose report leads today’s Dealbook. There are some satisfying nuggets for those who enjoy their one-percent news with a side of schadenfreude. Take, for example, Raymond Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund. Dalio took home $600 million last year, despite giving his investors returns of 3.5 to 5.3 percent. Compare that to the S&P 500, which climbed 32.4 percent over the same period.
