Reuters – Hedge fund mogul David Tepper had a case of deja vu when he ranked as the best paid hedge fund manager for the second year running by earning $3.5 billion in 2013 with a savvy bet on airline stocks, according to a new ranking.
Even though many hedge funds earned only lackluster returns last year and sharply trailed the S&P 500’s 30 percent gain, it was a banner year for a small number of hedge fund managers, according to Institutional Investors’ Alpha’s 13th annual ranking of the industry’s best paid managers.
