The top 25 US hedge fund managers earned more than $11bn last year – one of their worst-ever years.
It might sound like a lot, but the collective $11.6bn taken home by the 25 leading (all male) hedge fund managers in 2014 was roughly half what they collected in 2013 and the lowest since the 2008 financial crisis.
Institutional Investor’s Alpha magazine, which conducts the annual hedge fund pay survey, described the earnings as “paltry” despite their collective personal earnings being more than the gross domestic product of Nicaragua, Laos or Madagascar.
[...]
Alpha said the average 2014 earnings were “just $467m” down from $846m in 2013 – which is still 18,800 times the average US salary of $44,888.
The top three managers – Citadel’s Kenneth Griffin, Renaissance Technologies’s James Simons and Bridgewater Associates’ Ray Dalio – all made more than $1bn last year, with Griffin claiming the top spot with $1.3bn.
In 2013, the top performing hedge fund manager David Tepper of Appaloosa Management took home $3.5bn after big bets on airline stocks paid off.
http://www.theguardian.com/business/2015/may/05/us-hedge-fund-managers-2014-worst-earnings
I'm crying crocodile tears for these fuckers.