Hedge Fund Bosses Make Too Much? Get Used to It
ByHedge funds are back in the headlines, thanks mainly to the release of Institutional Investor’s Alpha magazine annual report on the earnings of top hedge fund owners and managers. The Hedge Fund Rich List includes such well-known luminaries as Citadel’s Ken Griffin, Bridgewater’s Ray Dalio and Renaissance Technologies’ Jim Simons. Together, the top 25 are reported to have taken home about $13 billion last year.
As AQR Capital Management chief Cliff Asness points out, this list isn’t a good guide to the fortunes of hedge-fund managers in general, because it selects only the top earners. Since hedge fund returns can vary a lot, and since performance fees are a substantial piece of hedge fund owners’ earnings, there will always be some names to fill out an eye-popping Top 10 list…
Hedge Fund Bosses Make Too Much? Get Used to It
