In 2010 the top 25 hedge fund managers combined earned roughly 4 times as much ALL 500 of the CEOs at the top of the 500 giant corporations that make up the S&P 500 index. The average pay of these 25 hedge fund managers was $134 million in 2002, peaked at over $1 billion in 2007 and was sliced to a measly $537 million in 2012.
Below is a picture I took of two black swans in Dublin Zoo in 2008 – timely or what?
doubleosullivan
Tags
AIFMD Austerity Bear market bianco bonds bubble bubbles capex central bank central banks China contrary signals Credit cyprus debt deflation earnings ECB economic data eddy Emerging markets Equities Euro euro crisis europe europe retail sales Eurozones fed France GDP Germany gold Greenspan hedge funds housing hussman Inflation internet Ireland irish property japan john hussman Kotok Liquidity London Manager Selection margin debt markets Mish Mutual Funds oil overvaluation Property QE recession risk ritholtz Russia Saudi Arabia shale share holder value Stock buybacks stock market stockmarket stock option grants unemployment US US economy Us equities Us stocks valuation volatility wages yen YieldArchives