Crazy On Tap - wall street

...the top 25 hedge fund managers combined appear to have earned more than all 500 S&P 500 CEOs combined (both realized and estimated).

http://www.marginalrevolution.com/marginalrevolution/2007/07/ive-been-waitin.html

bob
July 22nd, 2007 2:07pm

2% plus 20% makes for a nice take-home package.

Of course, it also provides for significant motivation to earn money for your clients.

xampl
July 22nd, 2007 2:33pm

A Bear Stearns hedge fund lost 91%, or $1.5 Billion of the investors money. I wonder what kind of salary those managers got.

sharkfish
July 22nd, 2007 2:57pm

I feel pretty comfortable suggesting that all the managers of those bear funds are multi-millionaires.

bob
July 22nd, 2007 2:58pm

I think they still do nicely. Often they take a fixed chunk of asset value as well.

son of parnas
July 22nd, 2007 2:59pm

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