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Article: In the race for riches, hedge fund managers top titans of Wall Street
- Article from:
- International Herald Tribune
- Article date:
- April 24, 2007
- Author:
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Jenny Anderson and Julie Creswell
International Herald Tribune
04-24-2007
James Simons, 69, is a publicity shy math professor who uses complex computer-driven models to make bets on stocks, bonds and commodities, among other things.His earnings last year? An astounding $1.7 billion.As one of the leading hedge fund managers, Simons gets a paycheck that dwarfs those of the top chiefs on Wall Street. The highest paid on the Street, Lloyd Blankfein of Goldman Sachs, earned $54.3 million last year.Simons is not the only member of the hedge fund billionaires club.Kenneth Griffin and Edward Lampert each took home more than $1 billion last year, with George Soros missing the hurdle by a hair, give ...