http://iimagazine.com/Alpha/Article.aspx?ArticleID=2165638 Times may be tough for most folks, but not for the top moneymakers on Alpha magazineâs eighth annual ranking of the worldâs highest-earning hedge fund managers. They took home, on average, an anything but average $464 million apiece in 2008. Four hedge fund managers took home more than $1 billion each. Altogether the 25 highest-earning hedge fund managers made $11.6 billion, making 2008 the third-best year on record since Alpha began compiling its exclusive ranking. Alpha uses two components to calculate earnings: the managersâ shares of their firmâs performance and management fees, as well as gains on their own capital invested in their funds. The index below is a guide to the profiles of this yearâs top-earning managers. Click on the bolded names below to read the top 11 hedge fund managers' profiles. Rank Name Firm Name 2008 Earnings 1 James Simons Renaissance Technologies Corp. $2.5 billion 2 John Paulson Paulson & Co. $2 billion 3 John Arnold Centaurus Energy $1.5 billion 4 George Soros Soros Fund Management $1.1 billion 5 Raymond Dalio Bridgewater Associates $780 million 6 Bruce Kovner Caxton Associates $640 million 7 David Shaw D.E. Shaw & Co. $275 million 8 Stanley Druckenmiller Duquesne Capital Management $260 million 9 (tie) David Harding Winton Capital Management $250 million 9 (tie) Alan Howard Brevan Howard Asset Management $250 million 9 (tie) John Taylor Jr. FX Concepts $250 million Next 12 - 25 To read the article, click on Brother, Can You Spare a Billion?