May 28, 2006

Hedge Fund Manager - The Most Attractive Profession?

Who wouldn't want to be in the shoes of the fellow who takes home a salary of $1.5billion? According to reports, with pay scales becoming more tempting, "hedge fund manager" seems to be the latest hot favorite, most coveted profession. According to Alpha (published by Institutional Investor), we are going through a golden era of hedge funds. And so, hedge fund managers are making more money today than ever before.

And the golden man who is leading the troupe is James Simons of Renaissance Technologies Corp. This veteran fund manager's Medallion hedge fund returned 29.5 percent net. And he was given a remarkable 5 percent management fee. That's not all, he also earned a 44 percent performance fee! Congratulations, Mr. Simons!

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