AR Magazine - Absolute Return + Alpha has released "The Rich List," its annual ranking of the top-earning hedge fund managers.
The highest-earning hedge fund managers earned a combined $14.4 billion in 2011, down from more than $22 billion in 2010, and the lowest sum in three years.
The managers at the very top of this year's Rich List bucked the trend of the industry's lackluster performance. Seven of the eight highest earners steered their respective hedge funds to double-digit gross returns - an impressive accomplishment given that the average hedge fund lost more than 2 percent last year, according to the Hedge-Fund Intelligence Composite Index.
The stated goal of AR Magazine is to bring transparency to the often secretive space of the hedge fund industry. Here are the five top earning hedge fund managers from the annual list.
|Inheriting a Fortune: Heirs to Billionaires|
|Executives With the Most Options Compensation|
|Celebrity Million-Dollar Extravagances|
By Lori Spechler & Gennine Kelly