The pay estimates are based on the value of each manager’s stake in his firm and the fees charged.
A close fourth was William Ackman, known for making large and concentrated bets. And Raymond Dalio, who runs the world's biggest hedge fund, Bridgewater Associates, with more than $170 billion in assets under management, reaped $1.1 billion.
#HEDGE FUND MANAGER SALARY CODE#
Simons, a former National Security Agency code breaker who makes billions of dollars every year from his hedge fund, Renaissance Technologies, earned $1.2 billion. Topping the list is Kenneth Griffin, who started by trading convertible bonds out of his dormitory at Harvard. They lobby in Washington, donate to political campaigns nationwide, and can pick their advisers from a pool of former central bankers. Their influence is growing beyond the industry and even beyond Wall Street. Still, the men (no woman has ever made the cut) at the top of the hedge fund universe now run firms that are bigger than they have ever been. In comparison, the benchmark Standard & Poor’s 500 index posted a gain of 13.68 per cent last year when reinvested dividends were included. That collective payday came even as hedge funds, once high-octane money makers, returned on average low-single digits. The top 25 hedge fund managers reaped $11.62 billion in compensation in 2014, according to an annual ranking by Institutional Investor’s Alpha magazine. But for those who managed the investors’ money, the pay was spectacular. For investors in hedge funds, like big pension funds, 2014 was not a lucrative year.
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