There was a time that the highflying world of hedge fund managers appeared to stratospherically surpass that of mutual fund managers. After all, some of the top hedge fund managers have averaged annual salaries of $250 million in recent years, with $1 billion paydays not uncommon for top stars.

That appears to be changing, the Stamford Advocate reports. In light of the tremendous, relentless challenges of the financial crisis, running a mutual fund appears to be a smarter, surer career move than being a hotshot hedge fund manager.

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