While the economy has hit most asset managers and investors hard, the top 25 hedge funds earned a breathtaking $11.6 billion in pay last year, according to Alpha Magazine.
James H. Simons of Renaissance Technologies earned $2.5 billion, John A. Paulson took home $2 billion and George Soros pulled in $1.1 billion.
That said, in 2007, the top 25 hedge fund earners made twice as much, $22.5 billion. And to qualify as one of the top 25 earners, a hedge fund manager needed to clear $75 million, way off the $360 million that made the cut in 2007.
Look the golden age for hedge funds is gone, but its still three times more lucrative that working at a mutual fund and most other places on Wall Street, Bob Sloan, a managing partner with prime brokerage S3 Partners, told the International Herald Tribune. But this shouldnt pop the greed meter. They made money; thats what theyre supposed to [do].