THE 40 HIGHEST-EARNING HEDGE FUND MANAGERS AND TRADERS http://www.forbes.com/sites/nathanv...hest-earning-hedge-fund-managers-and-traders/ http://www.forbes.com/lists/2013/hedge-fund-managers-13_land.html " But in northern New Jersey, David Tepper had another extremely strong year. The founder and head of Appaloosa Management guided his flagship hedge fund to net returns of nearly 30%. Tepper personally made an estimated $2.2 billion in 2012, topping Forbesâ list of the 40 highest-earning hedge fund managers and traders. "
hedge funds are the scam of the century. congrats to the managers who pull in a fortune with their scams. they cannot consistently outperform the market and when they do, the fees destroy the alpha. they are mostly a joke. and dont give me rentech as an example. im talking about 99% of them not the 1%.
" his flagship hedge fund to net returns of nearly 30%. " How about: The Net returns 30% would be around 40% gross returns per nominal amount, or 120% gross returns per actual funds when the ratio of Actual funds:Notional funds is 1 to 2?
You would think pulling in $2.2B that Tepper could give a bit more to his namesake business school...