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The Obscene Amounts of Money the 10 Highest-Paid Hedge Fund Managers Just Made

May 5, 2015 in Blogs

By Michael Arria, AlterNet

Cry us a river.

Alpha Magazine has released its “Rich List,” the annual rundown of the Unites States' highest-earning hedge fund managers and there's an interesting development. The top earners underwent a 45% drop in earnings during 2014, which prompted the magazine to invoke, “harsh memories of the global financial crisis [that] pervaded Wall Street.”

Yes, the top hedge fund managers only pulled down a “paltry” $11.62 billion combined in 2014, around the same amount they were able to bag in 2008 and only a little more than half of what they generated in 2013. Head of Appaloosa Management David Tepper fell from Number 1 to 11th, taking in a “mere” $400 million. “In total, it was a rough year for hedge fund industry honchos,” Jeff Cox wrote at CNBC.

Yes, rough. Here's the Top 10:

Ken Griffin, Citadel: $1.3 billion

James Simons, Renaissance: $1.2 billion

Ray Dalio, Bridgewater: $1.1 billion

Bill Ackman, Pershing Square: $950 million

Izzy Englander: Millenium: $900 million

Michael Platt, Bluecrest: $800 million

Larry Robbins, Glenview: $570 million

David Shaw, DE Shaw: $530 million

O. Andreas Halvorsen, Viking Global: $450 million

Charles Coleman, Tiger Global: $425 million

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