WEST PALM BEACH, FL (HEDGECO.NET) – The Top 25 highest paid hedge fund managers earn $363m on average, according to the Institutional Investor\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Alpha magazine list. Up 45 per cent from the $251maverage in 2004. The top slots are an indication of the trends and strategies that are leading the hedge fund industry.<\/p>\n
The top two, James Simons of Renaissance Technologies and T.Boone Pickens Jr of BP<\/span> Capital Management made $1.5bn and $1.4bn in 2005. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cThese are staggering numbers,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d said Alpha editor Michael Peltz in announcing its fifth-annual list of Top 25 earners. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cIt took $130 million to make the list.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d <\/p>\n For those who want to follow the money in the hedge fund industry, this list marks the first time two fund managers have earned more than $1bn. Rounding out the top five were hedge fund legend George Soros of Soros Fund Management with $840m, SAC<\/span> Capital\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Steven Cohen with $550m and Paul Tudor Jones of Tudor Investment at $500m. <\/p>\n The highest-ranking UK managers were GLG<\/span> Partners\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2 co-founders Noam Gottesman and Pierre LaGrange, with $150m apiece. Activists were prominently placed. Timothy Barakett and David Slager of Atticus Capital were 14th and 20th on the list with $200m and $150m respectively. Dan Loseb, the US activist with the acerbic pen, tied for 20th with $150m. <\/p>\n Hedge funds have had a surge in pay amid the explosive growth the industry has produced. There are roughly 8,000 funds with $1.2 trillion in assets. Hedge fund managers on average, make 2% of assets under management and 20% of the profit. Super-successful managers charge even more. Simons, the No. 1 earner last year, charges a 5% management fee and 44% of profits, Alpha\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Peltz says. <\/p>\n Alex Akesson HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds! <\/p>\n Be sure to check out our sister sites. www.hedgefundlounge.com<\/a>, www.hedgefundtools.com,<\/a><\/strong> and www.hedgefundemployment.com.<\/strong><\/a> <\/p>\n <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" WEST PALM BEACH, FL (HEDGECO.NET) – The Top 25 highest paid hedge fund managers earn $363m on average, according to the Institutional Investor\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Alpha magazine list. Up 45 per cent from the $251maverage in 2004. The top slots are an […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4505","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4505"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4505\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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HedgeCo.Net
Email: Editor@hedgeco.net <\/p>\n