In recent years, the criticism about giant Wall Street hedge
funds — those that command billions of investor dollars from pension funds, endowments
and the wealthy — is that they’re simply too big to beat the market. But according to the NY Times’ Dealbook a
number of the hedge fund leaders who had giant paydays last year bucked the
trend. They earned their riches the old-fashioned way: by posting big returns
on their investments.
Certainly, plenty of hedge fund titans took home
billion-dollar paydays last year despite the fact they lagged the big gains in
stocks. For example, Steven A. Cohen, who controls $15 billion in assets at SAC
Capital Advisors, which has been under intense scrutiny by government
investigators, fell just short of the market’s returns for 2012. His take-home
pay, however, was about $1.4 billion, earning him the No. 3 spot among the
best-paid hedge fund managers…..
Read all about it at http://dealbook.nytimes.com/2013/04/15/pay-stretching-to-10-figures/
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