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\u2019s a 50 percent increase over 2012, and the most since 2010. All this despite the fact that most hedge funds didn\u2019t even outperform the Standard & Poor\u2019s 500-stock index.<\/p>\n
All of that fancy math comes courtesy of Institutional Investor\u2019s Alpha, whose report leads today\u2019s 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\u2019s 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.<\/p>\n