It's bet on in full financial storm and banks on the debt of AIG's that David Tepper, the Manager of the hedge fund Appaloosa Management, increased last year at the head of the ranking of the highest income of finance, with a gain of $ 4 billion in 2009. He beat the record of John Paulson in 2007 ($3.7 billion) and proves that this industry heavyweights, which deal billions for a small number of ultra-sélectionnés investors in a deregulated, the finance sector found what overcome losses due to the crisis of 2008. The annual ranking of the magazine "AR absolute return Alpha", unveiled yesterday by the "New York Times", indicates that the first 25 managers of "hedge funds" won 25.3 billion last year, the lowest earnings was $ 350 million. The ranking takes into account the value of their share in the Fund and received fees.
George Soros, the American financier of Hungarian origin, grants to second place with a gain of $ 3.3 billion. Unlike David Tepper, which the Fund had lost 27 in 2008, Soros Fund Management was very successful in 2008 and 2009. It is not only in this case: James Simons (Renaissance Technologies) and John Paulson (Paulson & Co.) respectively won 2.5 and 2.3 billion in 2009, continuing on the path of the previous year. But these are exceptions. Most "hedge funds" have lost a lot of money in 2008 and have had trouble again in 2009.
The best paid bosses are pale figure
The contrast is striking if it is out of the finance industry. According to a survey of the Wall Street Journal published yesterday, American patterns have seen their earnings lower for the second year in a row. The median of the compensation of the CEOs of the 200 largest US companies decreased by 0.9, to $ 6.95 million. More on wages and bonuses, the median value is increased by 3.2, to $ 2.64 million, the boards of Directors have been less generous on the granting of stock options: $ 5 million, they have recorded a median decrease of 5.
Even the best paid bosses are pale next to the Cowboys of finance. The first of the list, Ray Irani, Occidental Petroleum, received 52.2 million in 2009. It followed far behind by Bob Iger at Disney ($20.8 million), Sam Palmisano at IBM (20.1 million), William Weldon Johnson & Johnson (19.8 million) and Jay Fishman in Travelers (19.5 million). More striking still, Jeff Immelt, the pattern of General Electric, had no bonus for the second year in a row and his total compensation decreased by 4.7 to $ 5.1 million.
It is likely that the astronomical remuneration of hedge funds will further strengthen the determination of policies to regulate the sector, especially after the attacks on Greek debt and the euro. In the United States, the Department of Justice investigation on a possible agreement between several funds for "shorter" the euro and what are the stars of the market that are the target: Soros Fund Management, SAC Capital, Paulson & Co. and Greenlight Capital.
Example could expand such assessment baseIt is the adoption of measures proportionate000 actions training in 2005 see opposite while commands can also be placed by phone or faxThe amount of work to fund is highly variableAnnounced operations strongly reduce the riskUntil then it was the 1992 law that appliedThis subject was submitted on 21 may at the last commission of financeSome were that this communication was a shame4 million it represents only 2 of the total
