The 25 Highest-Earning Hedge Fund Managers


Alpha
Wednesday March 25, 2009


Times may be tough for most folks, but not for the top moneymakers on Alpha magazine’s eighth annual ranking of the world’s highest-earning hedge fund managers. They took home, on average, an anything but average $464 million apiece in 2008. Four hedge fund managers took home more than $1 billion each. Altogether the 25 highest-earning hedge fund managers made $11.6 billion, making 2008 the third-best year on record since Alpha began compiling its exclusive ranking.

Alpha uses two components to calculate earnings: the managers’ shares of their firm’s performance and management fees, as well as gains on their own capital invested in their funds.

The index below is a guide to the profiles of this year’s top-earning managers. Click on the bolded names below to read the top 11 hedge fund managers' profiles.


Rank Name Firm Name 2008 Earnings

1 James Simons Renaissance Technologies Corp. $2.5 billion

http://www.iimagazine.com/Alpha/Article ... ID=2165639

2 John Paulson Paulson & Co. $2 billion

http://www.iimagazine.com/Alpha/Article ... ID=2165641

3 John Arnold Centaurus Energy $1.5 billion

http://www.iimagazine.com/Alpha/Article ... ID=2165643

4 George Soros Soros Fund Management $1.1 billion

http://www.iimagazine.com/Alpha/Article ... ID=2165644

5 Raymond Dalio Bridgewater Associates $780 million

http://www.iimagazine.com/Alpha/Article ... ID=2165650

6 Bruce Kovner Caxton Associates $640 million

http://www.iimagazine.com/Alpha/Article ... ID=2165653

7 David Shaw D.E. Shaw & Co. $275 million

http://www.iimagazine.com/Alpha/Article ... ID=2165655

8 Stanley Druckenmiller Duquesne Capital Management $260 million

http://www.iimagazine.com/Alpha/Article ... ID=2165656

9 (tie) David Harding Winton Capital Management $250 million

http://www.iimagazine.com/Alpha/Article ... ID=2165657

9 (tie) Alan Howard Brevan Howard Asset Management $250 million

http://www.iimagazine.com/Alpha/Article ... ID=2165658

9 (tie) John Taylor Jr. FX Concepts $250 million

http://www.iimagazine.com/Alpha/Article ... ID=2165659


Profiles for hedge fund managers ranked 12 through 25 will be available on Thursday, March 26, along with Alpha's list of eight of the biggest losers – managers who lost a combined $6.2 billion in personal wealth in 2008.

12 James Chanos Kynikos Associates

13 Michael Platt BlueCrest Capital Management

14 Roy Niederhoffer R.G. Niederhoffer Capital Management

15 John Horseman Horseman Capital Management

16 Paul Touradji Touradji Capital Management

17 Henry Laufer Renaissance Technologies Corp.

18 Kenneth Tropin Graham Capital Management

19 (tie) Pierre Andurand BlueGold Capital Management
Dennis Crema

19 (tie) Christopher Rokos Brevan Howard Asset Management

22 (tie) Christian Baha Superfund

22 (tie) Christian Levett Clive Capital

24 William Dunn Dunn Capital Management

25 Andrew Hoine Paulson & Co.

Biggest Losers: Eight Men Out

http://www.iimagazine.com/Alpha/Article ... agers.html