The 40 Highest-Earning Hedge Fund Managers - Forbes magazine

[Bill USA]

http://www.forbes.com/sites/nathanvardi/2012/03/01/the-40-highest-earning-hedge-fund-managers-3/

For most hedge fund managers, 2011 was a year to forget. The average hedge fund fell by 5% even as the U.S. stock market eked out a tiny gain. Big shot investors like billionaire John Paulson were humbled and lost massive amounts of money. Yet even in a down year, arguably its worst ever, the hedge fund industry demonstrated its unmatched ability to make people rich.

No hedge fund titan made more in 2011 than Raymond Dalio. The founder of Bridgewater Associates, the world’s biggest hedge fund firm, made an estimated $3 billion in 2011 as his funds produced net returns in the 20% range. As a result, Dalio tops Forbes’ list of the 40 highest-earning hedge fund managers of 2011.

With $120 billion under management, Bridgewater has become a fee-generating machine, rewarding the man who founded it in 1975 in his Manhattan apartment. Dalio’s methods are controversial and include videotaping meetings and encouraging brutal honesty among his staff, but they have proven particularly effective during the recent years of market turmoil and volatility. Dalio profited in 2011 by investing in U.S. and German government bonds, as well as U.S. Treasury inflation-protected securities. Bridgewater is now such a gold mine that the firm itself has become an attractive investment and Dalio, 62, has recently been selling stakes in the firm to his clients.

Dalio, however, was not the only hedge fund mogul who had a very good year in 2011. Two other money men made $2 billion each. In total, the top 40 highest-earning hedge fund managers made a combined $13.2 billion, with the lowest earning managers on our list making $40 million. To qualify for the top 10, a hedge fund manager needed to make more than $200 million. This is what a very bad year in the hedge fund business looks like.
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the list of the top 40 and what they made

.... and remember their income tax rate is: 15%.

[libodem]

1. First I wonder how many are Repukes

Second I wonder how many walked away from ENRON scott free and benefited from 9/11 just before it happened. Disaster Capitolists.

[benld74]

2. You WONDER how many are Repubs?,,,,,,

[libodem]

3. Okay

I deserve that. Go figure.