paychecks

  • 30 Mar 2012 at 2:37 PM

When Lucky Brass Balls Fail

“Of the top 25 earners of 2010, 15 did not make this year’s list [of highest paid hedge fund managers]. Among them: Appaloosa’s David Tepper, whose Palomino fund fell 3.33 percent, and Edward Lampert of ESL Partners, which plunged 12 percent on big losses from Sears Holdings. Mr. Tepper did not respond to requests for comment. A spokesman for ESL declined to comment. Mr. Paulson — the $5 billion manager in 2010 — failed to make the list this time. One of his largest funds lost more than 50 percent, after bets on the economic recovery soured. A spokesman for Paulson declined to comment.” [Dealbook, AR, related: "Mr. Tepper keeps a brass replica of a pair of testicles in a prominent spot on his desk...He rubs the gift for luck during the trading day."]

  • 09 Mar 2012 at 5:51 PM

Bonus Watch ’12: Second Year Barclays CEOs

In an effort to strike a balance between being competitive and responsible, Bob Diamond will only receive 6.3 million pounds ($10 million) for his work in 2011, down from $9 million in 2010. Technically, his total package amounts to 17 million pounds ($26.9 million), but that includes stuff from previous years. [Reuters]

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 »

Those ranked 11-25 on AR Magazine’s annual paycheck list. Read more »

Almost exactly a year ago, if you happened to be walking down East 67th Street toward Fifth Avenue, you probably stopped to peer through the window of a certain $49 million townhouse. Specifically the one belonging to Phil Falcone. There, a piano playing pig name Wilbur was pulling out all the stops (“Memory” from Cats, his infamous Bette Midler), in celebration of his boss making AR Magazine‘s annual list of the 25 highest paid managers, having taken home $825 million in 2009. The good spirits and the gin were running high that night and the party didn’t stop ’til the early hours of the morning. This year, things will be different. The lights will be dimmed and Wilbur will be in his room, digging out the cocktail napkin with the number of the hedge fund manager he’d met last summer in Connecticut. He told himself he wasn’t going to do anything with it but…things have changed. Read more »

  • 01 Apr 2011 at 10:22 AM

Highest Paid Hedge Fund Managers Slipped In 2010

10. Paul Tudor Jones (Tudor Investment Corp): 440 million
9. George Soros (Soros Fund Management): 450 million
8. Bruce Kovner (Caxton Associates): 640 million
7. Carl Icahn (Icahn Management): 900 million
6. Eddie Lampert (ESL Investments): 1.1 billion
5. Steve Cohen (SAC Capital): 1.3 billion
4. David Tepper: 2.2 billion
3. Jim Simons (Renaissance Technologies): 2.5 billion
2. Ray Dalio (Bridgewater Associates): 3.1 billion
1. John Paulson (Paulson and Co): 4.9 billion

Best Paid Hedge Fund Managers [AR Magazine]

  • 21 Jan 2011 at 4:19 PM

Drinks Are On Vikram Pandit This Weekend

From Citi’s latest 8-K, which Vikula is going to have framed and hung in his office: Read more »