Alts. Execs. Drop Off Vanity Fair ‘Establishment’ List

Sep 3 2009 | 12:45pm ET

After a brutal year, the titans of the alternative investments industry have yet another indignity to suffer: Exile from Vanity Fair’s “2009 New Establishment” list.

Hedge fund chieftans Steven Cohen of SAC Capital Advisors and John Paulson of Paulson & Co. dropped off rankings. Private equity kingpins did no better, with Henry Kravis of Kohlberg Kravis Roberts and Steven Rattner of Quadrangle Group disappearing as well.

Of the 100-plus “honored” on the list, which was topped by Goldman Sachs CEO Lloyd Blankfein, just two are bona fide hedgies or p.e. honchos. Buyout king Ted Forstmann inched up to 62nd on the list, from 63rd. Greenlight Capital’s David Einhorn made his debut among the established at 87th place.

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