Subject: We are in the "wrong" business
From: "Arlene Busch" <[email-masked]>
To: <[email-masked]>, <[email-masked]>
Date: Wed, 29 Dec 2010 13:05:38 -0600

5 Best Paid Hedge Fund Managers of 2010

<http://www.insidermonkey.com/blog/wp-content/uploads/2010/12/Warren-Buf
fett2.jpg> Alpha Magazine annually publishes the list of best paid hedge
fund managers. Unfortunately, their methodology is deeply flawed. The
earnings AR uses includes fees collected as well as increases in fund
manager's own investments. As a result, some fund managers
<http://www.insidermonkey.com/blog/2010/10/24/best-mutual-funds-lsv-valu
e-equity-fund-returns-and-alpha/>  will make the list not because they
really earn money from their clients but because they already have a ton
of money. In order to show you how ridiculous this methodology is, 
Insider Monkey <http://www.insidermonkey.com/>  presents the list of the
5 best paid hedge fund managers of 2010 - but we employed a very
flexible definition of "hedge fund manager". Any investor who invests
and may or may not collect fees from other investors are included in our
rankings.

1. Warren Buffett
<http://www.insidermonkey.com/blog/2010/12/01/warren-buffett-knew-these-
9-fund-managers-would-outperform-the-market/> : 2010 Earnings: $9
Billion. Warren Buffett doesn't collect any management fees but he
topped the list of the best paid hedge fund managers in 2010 simply
because he is rich and invests his wealth in his company.

2. Larry Ellison: 2010 Earnings: $7.7 Billion. Larry Ellison's Oracle
(ORCL)
<http://www.insidermonkey.com/blog/2010/12/26/brevan-howard-2010-monthly
-returns-and-holdings/>  made a lot of money in 2010, and so did Larry
Ellison. He is one of the best paid hedge fund managers in 2010.

3. Charles Koch: 2010 Earnings: $5 Billion. Charles Koch's investments
in Wichita's Koch Industries earned him the third place.

3. David Koch: 2010 Earnings: $5 Billion. Like his brother David Koch
earned $5 billion as a hedge fund manager
<http://www.insidermonkey.com/blog/2010/12/22/craig-effron-and-curtis-sc
henker-scoggin-capital-management/>  in 2010.

5. Michael Bloomberg: 2010 Earnings: $4 Billion. New York City
<http://www.insidermonkey.com/blog/2010/11/18/population-by-state-only-1
0-states-that-are-more-populous-than-new-york-city/> 's mayor made an
estimated $4 billion as a hedge fund manager without even charging a
single penny for managing his hedge fund. Actually, he didn't even
manage the "hedge fund".

Wow, George Soros
<http://www.insidermonkey.com/blog/2010/09/28/insider-trading-in-exar-co
rp-exar-by-george-soros/> , John Paulson, Carl Icahn
<http://www.insidermonkey.com/blog/2010/12/24/carl-icahn-accused-of-ille
gal-insider-trading/> , David Tepper
<http://www.insidermonkey.com/blog/2010/11/13/hedge-fund-manager-david-t
epper%E2%80%99s-latest-stock-picks/>  and Jim Simons couldn't even make
the list this year. What a shame.

 

Arlene Busch

312-498-9595 mobile

[email-masked]