Institutional Investor's Alpha Magazine - April 2008 - (Page 1) April 2008 Institutional Investor’s Alpha Contents www.alphamagazine.com 33 COVER STORY “Remarkable” is the word in our annual survey of top earners. Not just for how much savvy hedge fund managers made, but for the raw numbers, the newcomers . . . By Stephen Taub 34 The Kings of Cash 59 Where the Money Is Last year was tough for many investors, but hedge fund professionals in our second annual survey saw their compensation soar. By Imogen Rose-Smith EVAN KAFKA 64 Into the Light Standing tall: T. Boone Pickens Jr. is No. 23 in our ranking of best-paid managers. 34 Hedge fund managers emerge from the shadows to help shape the regulation debate in Washington. By Imogen Rose-Smith 3 5 1 8 JONATHAN SAUNDERS LETTER FROM THE EDITOR LONGS & SHORTS Red Meat; Back in the U.S.S.R.; BofA; Rail Wars; and more. PENSION CORNER Here to Eternity The Nunavut Trust is turning to hedge funds to help fulfill its mission to assist Canada’s native Inuit people. By Katie Gilbert 21 Taking the Hill: Hedge fund managers are bringing their bankrolls to the Beltway. THE GOOD GUYS Voice of Hope Andrew and Phyllis Rabinowitz are on a mission to ensure that the health issues of newborns are heard. By Danielle Beurteaux 64 70 7 4 INTERVIEW Proceeding with Caution Connecticut State Treasurer Denise Nappier. By Udayan Gupta STRATEGIES A Convenient Truth The combination of global warming and growing environmental consciousness is creating a potentially huge market in the trading of pollution-emission credits. By Irwin Speizer 8 1 GABRIELA HASBUN ALPHA BYTES Village Voice Albourne Partners’ Web site may look quaint, but behind it sits very sophisticated hedge fund research for the firm’s consulting clients. By Irwin Speizer 74 Cleaning up: Carbon trading offers the opportunity to do well and do good. 84 UNHEDGED: COMMENTARY No Time for Complacency By Paul Schaeffer Cover photo by Mike McGregor for Alpha http://www.alphamagazine.com
Table of Contents Feed for the Digital Edition of Institutional Investor's Alpha Magazine - April 2008 Institutional Investor's Alpha Magazine - April 2008 Contents Letter from the Editor Longs & Shorts Pension Corner: Here to Eternity The Good Guys: Voice of Hope Cover Story: The Kings of Cash Where the Money Is Into the Light Interview: Proceeding with Caution Strategies: A Convenient Truth Alpha Bytes: Village Voice Unhedged: Commentary: No Time for Complacency Institutional Investor's Alpha Magazine - April 2008 Institutional Investor's Alpha Magazine - April 2008 - Institutional Investor's Alpha Magazine - April 2008 (Page Cover1) Institutional Investor's Alpha Magazine - April 2008 - Institutional Investor's Alpha Magazine - April 2008 (Page Cover2) Institutional Investor's Alpha Magazine - April 2008 - Contents (Page 1) Institutional Investor's Alpha Magazine - April 2008 - Contents (Page 2) Institutional Investor's Alpha Magazine - April 2008 - Letter from the Editor (Page 3) Institutional Investor's Alpha Magazine - April 2008 - Letter from the Editor (Page 4) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 5) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 6) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 7) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 8) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 9) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 10) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 11) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 12) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 13) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 14) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 15) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 16) Institutional Investor's Alpha Magazine - April 2008 - Longs & Shorts (Page 17) Institutional Investor's Alpha Magazine - April 2008 - Pension Corner: Here to Eternity (Page 18) Institutional Investor's Alpha Magazine - April 2008 - Pension Corner: Here to Eternity (Page 19) Institutional Investor's Alpha Magazine - April 2008 - Pension Corner: Here to Eternity (Page 20) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 21) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 22) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 23) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 24) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 25) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 26) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 27) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 28) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 29) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 30) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 31) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 32) Institutional Investor's Alpha Magazine - April 2008 - The Good Guys: Voice of Hope (Page 33) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 34) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 35) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 36) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 37) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 38) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 39) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 40) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 41) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 42) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 43) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 44) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 45) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 46) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 47) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 48) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 49) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 50) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 51) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 52) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 53) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 54) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 55) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 56) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 57) Institutional Investor's Alpha Magazine - April 2008 - Cover Story: The Kings of Cash (Page 58) Institutional Investor's Alpha Magazine - April 2008 - Where the Money Is (Page 59) Institutional Investor's Alpha Magazine - April 2008 - Where the Money Is (Page 60) Institutional Investor's Alpha Magazine - April 2008 - Where the Money Is (Page 61) Institutional Investor's Alpha Magazine - April 2008 - Where the Money Is (Page 62) Institutional Investor's Alpha Magazine - April 2008 - Where the Money Is (Page 63) Institutional Investor's Alpha Magazine - April 2008 - Into the Light (Page 64) Institutional Investor's Alpha Magazine - April 2008 - Into the Light (Page 65) Institutional Investor's Alpha Magazine - April 2008 - Into the Light (Page 66) Institutional Investor's Alpha Magazine - April 2008 - Into the Light (Page 67) Institutional Investor's Alpha Magazine - April 2008 - Into the Light (Page 68) Institutional Investor's Alpha Magazine - April 2008 - Into the Light (Page 69) Institutional Investor's Alpha Magazine - April 2008 - Interview: Proceeding with Caution (Page 70) Institutional Investor's Alpha Magazine - April 2008 - Interview: Proceeding with Caution (Page 71) Institutional Investor's Alpha Magazine - April 2008 - Interview: Proceeding with Caution (Page 72) Institutional Investor's Alpha Magazine - April 2008 - Interview: Proceeding with Caution (Page 73) Institutional Investor's Alpha Magazine - April 2008 - Strategies: A Convenient Truth (Page 74) Institutional Investor's Alpha Magazine - April 2008 - Strategies: A Convenient Truth (Page 75) Institutional Investor's Alpha Magazine - April 2008 - Strategies: A Convenient Truth (Page 76) Institutional Investor's Alpha Magazine - April 2008 - Strategies: A Convenient Truth (Page 77) Institutional Investor's Alpha Magazine - April 2008 - Strategies: A Convenient Truth (Page 78) Institutional Investor's Alpha Magazine - April 2008 - Strategies: A Convenient Truth (Page 79) Institutional Investor's Alpha Magazine - April 2008 - Strategies: A Convenient Truth (Page 80) Institutional Investor's Alpha Magazine - April 2008 - Alpha Bytes: Village Voice (Page 81) Institutional Investor's Alpha Magazine - April 2008 - Alpha Bytes: Village Voice (Page 82) Institutional Investor's Alpha Magazine - April 2008 - Alpha Bytes: Village Voice (Page 83) Institutional Investor's Alpha Magazine - April 2008 - Unhedged: Commentary: No Time for Complacency (Page 84) Institutional Investor's Alpha Magazine - April 2008 - Unhedged: Commentary: No Time for Complacency (Page Cover3) Institutional Investor's Alpha Magazine - April 2008 - Unhedged: Commentary: No Time for Complacency (Page Cover4)
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