Pain Is Their Gain

Schwartz, Peter J.
May 2008
Forbes Asia;5/5/2008, Vol. 4 Issue 8, p20
The article features the top earners among hedge and private equity fund managers in the U.S. in 2007. Hedge fund manager John Paulson earned an estimated $2.3 billion from his share of fees charged to investors and $1 billion from the appreciation of his own capital invested in Paulson & Co. funds. Fund manager Philip Falcone, who ranked third with $1.7 billion, posted triple-digit returns by shorting subprime credit, resulting in $11 billion of growth for his two Harbinger Capital funds. T. Boone Pickens and John Arnold invested in energy companies.


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