Overtime that was not for naught! Thanks to labor laws protecting LBBs, Tepper took home $2.2 billion last year. Other people who made some money in 2012: Read more »
Jim Simons
The end of 2012 might’ve been a tough one for the SAC Capital founder, what with the matter of a former employee being accused of orchestrating “the most lucrative insider trading scheme ever,” being referenced in the complaint as Portfolio Manager A, and ultimately being forced to show the softer side of Steve but the Big Guy still managed to take home $1.3 billion, so he’s got that going for him. Other people who made a respectable amount of money include highest earning hedge fund manager David Tepper, with $2.2 billion, Carl Icahn at $1.9 billion, and retired person James Simons, who didn’t have to lift a finger for his $1.9 billion. [Forbes]

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Hedge Funds
The Second-Highest Paid Hedge Fund Manager Of The Year Smoked The Competition From Retirement
By Bess Levin
In 2010, the 10 best paid hedge fund managers made a combined $17.53 billion. To score a place on the list, you had to earn at least $440 million. 2011? The group took home a collective pool of $10.15 billion (down 42 percent) and a mere $210 million got you access to the VIP lounge. So, lots to reflect on today re: how game can be upped this year, whether it’s by coming into work and acting like you actually want it, increasing fees to 5&75, or passing the on the burden of staff salaries to investors. Something else to think about? The fact that Uncle Jim Simons beat all you fools for a second place finish and technically doesn’t even have a job. (Bridgewater Mentor Ray Dalio also did okay for himself.) Read more »
January performance. Read more »
December performance. Read more »
November performance. Read more »
“…the firm’s most troubled fund, the Renaissance Institutional Equities Fund, is staging a major comeback. RIEF, with assets of $6.1 billion, is up 31 percent this year, notching returns of nearly 5 percent last month, sources said.” [NYP]
August performance. Read more »

