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Hedge Fund Managers' Pay Suffered In 2014

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Hedge Fund Managers' Pay Suffered In 2014

Managing a hedge fund just isn't what it used to be.

The 25 highest-paid fund managers last year earned barely half what they made in 2013, according to an annual compilation by Institutional Investor's Alpha website.

"The average earnings were just $467 million last year, down from $846 million in 2013," according to the site.

More than half of the 25 top earners on the list posted single-digit gains for their funds, underperforming the S&P 500's 13.7 percent return, according to the report.

Top 10 on the list:

  1. Kenneth Griffin, founder and CEO of Chicago-­based Citadel; $1.3 billion in fees and gains on his own capital.
  2. James Simons, founder of East Setauket, New York–based Renaissance Technologies; $1.2 billion in earnings.
  3. Raymond Dalio, founder of Westport, Connecticut-based Bridgewater Associates; a paycheck of $1.1 billion.
  4. Pershing Square Capital Management's Bill Ackman, ranked fourth with $950 million.
  5. Israel Englander, Millennium Management; $900 million.
  6. Michael Platt, BlueCrest Capital Management; $800 million.
  7. Larry Robbins, Glenview Capital Management; $570 million.
  8. David Shaw, D.E. Shaw Group; $530 million
  9. O. Andreas Halvorsen, Viking Global Investors; $450 million.
  10. Charles Coleman III, Tiger Global Management; $425 million.
 

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Posted-In: Bill Ackman Institutional Investor's Alpha Kenneth Griffin Ray DalioNews Hedge Funds General Best of Benzinga