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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe 'Rich List' kept getting richer in 2011
http://lifeinc.today.msnbc.msn.com/_news/2012/03/30/10938923-the-rich-list-kept-getting-richer-in-2011They say that wealth begets wealth. That sure rang true for many hedge fund managers in 2011.
The Rich List of Wall Street hedge fund managers, who took home a combined $14.4 billion last year, includes businessmen who culled their wealth in part through fees charged to pensions and to manage money for the wealthy.
The annual ranking by AR Magazine, an industry publication, also includes managers who made millions even though the returns on their funds didnt do much better than the overall S&P 500s performance last year.
And in a year when the Occupy Wall Street movement protested inequitable wealth distribution, top hedge fund managers handling investments for the super-rich still found ways to make big money.
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The 'Rich List' kept getting richer in 2011 (Original Post)
xchrom
Apr 2012
OP
bullwinkle428
(20,627 posts)1. A noteworthy feat, coming from a bunch of people who constantly refer to
the President as a socialist. K&R.
Canuckistanian
(42,290 posts)2. TWENTY-FIVE people made 14.4 BILLION dollars
THIS is why the system needs to change.
At least it's a change from 2010, where the top 25 made $22 billion.
kenny blankenship
(15,689 posts)3. YES! WE! CAN!
shimonitanegi
(114 posts)4. And we are marching straight
to another bubble - burst - panic cycle...