High-profile federal prosecutions of hedge fund execs like SAC Capital’s Steven Cohen only hint at the crime and ethical misbehavior rampant in America’s most rewarding high-finance suites, concludes an eye-opening new analysis from a veteran labor educator.
By any rational benchmark, hedge fund manager rewards remain positively stratospheric. Back in 2002, a hedge fund manager needed to earn $30 million to enter the hedge fund top 25. In 2011, a downer of a year for hedge fund managers, that entry level stood at $100 million.
As the economic news in the United States gets worse and worse every week, a lot of Americans are saying “at least we’re not Europe.” To read the press accounts, it sounds like Greece is plunging Europe into a second Great Depression. Greece is having trouble paying its debts, and many people are worried that […]
The hedge fund industry’s top trade journal has just released its annual listing of this financial sector’s 25 highest earners. The most stunning stat in this year’s release: a $4.9 billion payoff for 2010′s top hedge fund manager, about a billion over the previous personal hedge fund record.