LI hedge-fund founder's 2010 take-home pay: $2.5B
James Simons addresses a gathering at the new Simons Center for Geometry and Physics at Stony Brook University. The building was started by a gift from the James and Marilyn Simons Foundation. (Oct. 26, 2010) Credit: John Dunn
Although he says he retired last year as chief executive of Setauket-based Renaissance Technologies, James Simon is still one of the top-earning hedge fund managers.
He made $2.5 billion last year, coming in third.
Top 2010 compensation was the $4.9 billion earned by John Paulson of Paulson & Co., followed by $3.1 billion earned by Ray Dalio of Bridgewater Associates, AbsoluteReturn-alpha.com (known as AR) reports.
Paulson’s 2010 income, which he achieved by betting almost exclusively on gold, equaled about $155 per second, AR reported.
The top 25 manager incomes totaled $22.07 billion in 2010, down from $25.33 in 2009, the trade magazine reports.
Labor Day weekend travel forecast NewsdayTV's Ken Buffa spoke with Robert Sinclair Jr., senior manager of public affairs for AAA Northeast, about some of the best and worst times to travel during the holiday weekend.
Labor Day weekend travel forecast NewsdayTV's Ken Buffa spoke with Robert Sinclair Jr., senior manager of public affairs for AAA Northeast, about some of the best and worst times to travel during the holiday weekend.
