Hedge Fund Managers Earn Staggering Sums

Friday, April 01, 2011

Around tax time, Absolute Return magazine publishes a list of Wall Street's biggest winners of the year. This year, while most of America continues to battle a financial recession and 9.5 percent of the workforce remains actively unemployed, the nation's top hedge fund managers took home staggering sums of money. Louise Story, finance reporter for our partner The New York Times tells us why and how these managers make billions each year.


Louise Story

Produced by:

Hsi-Chang Lin

Comments [2]

Mary Vonnegut from Rhode Island

Sounds like the fictional characters in The Gods of Greenwich.

Apr. 01 2011 01:35 PM
Jo Ann Corkran from NYC

Why doesn't someone take a look at who pays these fees to Hedge Funds?
You will find a whopping proportion of it comes from Public Pension Plans. So as current events squeeze the benefits paid to public workers, public pension plans mangers may bizarre payments to a tiny elite.
What a world.

Apr. 01 2011 09:38 AM

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