Top Hedge Fund Managers Earn Over $240 Million 
NY Times article. "Raymond T. Dalio, head of Bridgewater Associates, which has more than $30 billion in hedge fund assets, for example, took home $350 million last year even though his flagship Pure Alpha Strategy fund posted a net return of just 3.4 percent for the second consecutive year." That's a complete travesty. On the other hand, "Even though [James Simons] has some of the highest fees in the business 5 percent of assets under management and 44 percent of profits [!] he trounces most of his competitors year after year. In 2006, the $6 billion Medallion fund posted gross returns of 84 percent; 44 percent after fees, explaining his $1.7 billion take."
http://www.nytimes.com/2007/04/24/business/24hedge.html?ei=5090&en=22f49c03f5ef88eb&ex=1335067200&partner=rssuserland&emc=rss&pagewanted=all
NY Times article. "Raymond T. Dalio, head of Bridgewater Associates, which has more than $30 billion in hedge fund assets, for example, took home $350 million last year even though his flagship Pure Alpha Strategy fund posted a net return of just 3.4 percent for the second consecutive year." That's a complete travesty. On the other hand, "Even though [James Simons] has some of the highest fees in the business 5 percent of assets under management and 44 percent of profits [!] he trounces most of his competitors year after year. In 2006, the $6 billion Medallion fund posted gross returns of 84 percent; 44 percent after fees, explaining his $1.7 billion take."
http://www.nytimes.com/2007/04/24/business/24hedge.html?ei=5090&en=22f49c03f5ef88eb&ex=1335067200&partner=rssuserland&emc=rss&pagewanted=all
