Sunday Open Thread | 75 comments (75 topical, editorial, 0 hidden)

Re: Soros (none / 0)

The first article seems current (walled off) and the second is from March 2009, talking about profits from 2008, so Soros wasn't 'retired' yet.

Like Templeton/Mobius, Lynch, Buffet and many others, they seem to retire at regular intervals, but still a legal business even if meets no social purpose, or responsibility except maybe gaming.

Our knowledge has surpassed our wisdom. -Charu Saxena.

by metavision on Mon Apr 12th, 2010 at 03:54:47 PM EST
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Oops (none / 1)

The top 25 hedge funds guys for 2009 was published a few days ago. Soros made $3.3 billion last year:

Hedge fund managers set new payout records in 2009
(Reuters) - Seven of the world's top hedge fund managers earned 10-figure paychecks and one set a record for the highest-ever payout last year due to a stock market rally that pushed returns to their highest levels in a decade.
Together, the industry's 25 best-paid managers collected a record $25.33 billion, more than double the amount they took home in 2008 when the financial crisis left many prominent funds nursing heavy losses.
(...)
David Tepper's Appaloosa Management gained more than 130 percent on his bet that certain bank shares would recover. Tepper earned a $4 billion payout that toppled John Paulson as the industry's record payout holder. Paulson's bet that housing prices would fall earned him $3.7 billion in 2007.
Paulson, however, still made the list of top earners, ranking in fourth position with a $2.3 billion paycheck.
He followed philanthropist George Soros whose $3.3 billion put him into the No. 2 spot and James Simons who earned $2.5 billion to rank as No. 3. Simons, a former mathematics professor announced his retirement from Renaissance Technologies last year.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Mon Apr 12th, 2010 at 05:15:38 PM EST
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Sunday Open Thread | 75 comments (75 topical, 0 editorial, 0 hidden)