Sunday, April 20, 2008

Title: Hedge fund managers get billion-dollar paydays
Source: IHT
Date: April 16, 2008

From the article:
    Hedge fund managers, those masters of a secretive, sometimes volatile financial universe, are making money on a scale that once seemed unimaginable, even in Wall Street's rarefied realms.

    One manager, John Paulson, made $3.7 billion last year. He reaped that bounty, probably the richest in Wall Street history, by betting against certain mortgages and complex financial products that held them.

1 Comments:

At 3:44 PM, Blogger Eric D said...

Simply unbelievable. The growth of concentration of wealth is staggering.

Your site is VERY valuable. Keep up the good work.

 

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