Business Insider – Hedge fund pay has always been astounding, but few realize that it is only a handful that make over $1 billion per year. BBC recently released a report highlighting some of the most successful alternative asset managers in the world, which include David Tepper, George Soros, Steve Cohen, Edward Lampert, and Ken Griffin.
According to BBC, HF managers “wouldn’t even consider getting out of bed for the $13m (£8m) Goldman Sachs’ boss Lloyd Blankfein was paid last year. Such a trifling pay packet represents just a few days’ work for these staggeringly well-paid financial executives. If bankers inhabit a different world, says London-based headhunter John Purcell, “these guys are out on their own in a different universe”.
Read more: http://www.businessinsider.com/top-hedge-fund-managers-of-2010-2011-3#ixzz1GCHp8b6j
