Tuesday, 29 July 2014
Last updated 5 hours ago
Apr 7 2008 | 2:27pm ET
With a whole stable of hedge funds posting triple-digit returns last year, it’s no surprise to find that 2007’s most well-remunerated trader last year was John Paulson.
The Paulson & Co. chief, who correctly predicted the subprime meltdown and bet heavily against mortgages, took in a breathtaking, record-breaking $3 billion last year, according to Trader Monthly magazine. That payout was twice that of 2006’s top earner, John Arnold of hedge fund Centaurus Energy Advisors, who made $1.5 billion that year.
Taking second on the annual Trader 100 was Harbinger Capital Partners’ Phil Falcone, who earned between $1.5 billion and $2 billion. Last year’s number two, Renaissance Technologies’ James Simons, dropped into the third spot with $1.5 billion to $2 billion in earnings.
London-based hedgies also made a strong showing in this year’s list. Christopher Hohn of The Children’s Investment Fund placed sixth with between US$800 million and US$900 million. GLG Partners’ Noam Gottesman and Pierre Lagrange, and Brevan Howard’s Alan Howard, each took home between US$700 million and US$800 million last year.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…