Paulson Made $3B Last Year

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.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of