The Top 25 Hedge Fund Managers For 2008
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Times were tough for most investors in 2008, but not for the top money managers on "Alpha" magazine's 8th annual ranking of the world's highest-earning hedge fund managers.
These top hedge fund managers, on average, took home $464 million apiece in 2008. Yes, that was an average of $464 million amongst the top 25 hedge fund managers.
Below is the list of the top 10 earners for 2008.
The top five moneymakers for 2008:
Quantitative investor James Simons Renaissance Technologies, earns the top honor by making an incredible $2.5 billion in 2008. Simons, is a former math professor who was also first in Alpha Magazine's 2006 rankings. John Paulson's Paulson & Co. earnings dropped to a paltry $2 billion after making a record $3.7 billion in 2007 betting against the subprime mortgage market. He is followed by ex-Enron trader, John Arnold, founder of Centaurus Energy, who made $1.5 billion last year trading mostly natural gas. Famed hedge fund manager George Soros made it in fourth place by earning $1.1 billion in part from a good call against the dollar.
Short-seller James Chanos of Kynikos Associates made Alpha's list for the first time by coming in at #12 with $225 million in earnings.
On Thursday, Alpha Magazine will profile the eight biggest losers in the hedge fund industry.
These top hedge fund managers, on average, took home $464 million apiece in 2008. Yes, that was an average of $464 million amongst the top 25 hedge fund managers.
Below is the list of the top 10 earners for 2008.
The top five moneymakers for 2008:
| Top Hedge Fund Earners | Earnings |
|---|---|
| 1. James Simons (Renaissance Technologies Corp.) | $2.5 billion |
| 2. John Paulson (Paulson & Co.) | $2 billion |
| 3. John Arnold (Centaurus Energy) | $1.5 billion |
| 4. George Soros (Soros Fund Management) | $1.1 billion |
| 5. Raymond Dalio (Bridgewater Associates) | $780 million |
| 6. Bruce Kovner (Caxton Associates) | $640 million |
| 7. David Shaw (D.E. Shaw) | $275 million |
| 8. Stanley Druckenmiller (Duquesne Capital) | $260 million |
| 9. David Harding (Winton Capital) Tie | $250 million |
| 9. John Taylor Jr. (FX Concepts) Tie | $250 million |
| 9. Alan Howard (Brevan Howard) Tie | $250 million |
Quantitative investor James Simons Renaissance Technologies, earns the top honor by making an incredible $2.5 billion in 2008. Simons, is a former math professor who was also first in Alpha Magazine's 2006 rankings. John Paulson's Paulson & Co. earnings dropped to a paltry $2 billion after making a record $3.7 billion in 2007 betting against the subprime mortgage market. He is followed by ex-Enron trader, John Arnold, founder of Centaurus Energy, who made $1.5 billion last year trading mostly natural gas. Famed hedge fund manager George Soros made it in fourth place by earning $1.1 billion in part from a good call against the dollar.
Short-seller James Chanos of Kynikos Associates made Alpha's list for the first time by coming in at #12 with $225 million in earnings.
On Thursday, Alpha Magazine will profile the eight biggest losers in the hedge fund industry.
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D.E. Shaw, Caxton Associates, Renaissance Technologies, James Simons, Paulson & Co. (PCI), John D. Arnold, Soros Fund Management, Duquesne Capital, Hedge Funds, Jim Chanos, Bridgewater Associates, Kynikos AssociatesSign up for StreetInsider Free!
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