Institutional Investor's Alpha Magazine - April 2008 - (Page 33) Cover Story MO NEY ISSUE THE KINGS OF CASH 34 WHERE THE MONEY IS 59 INTO THE LIGHT 64 THE Recession? What recession? Despite a slowing economy and the credit market meltdown, hedge fund managers are making more money than ever. The explosion in hedge fund wealth has forced our hand: This year, for our seventh annual ranking of the world’s highest-paid hedge fund managers, we’ve doubled the list, from 25 to 50 people. The top 25 earned an average of $892 million in 2007, up drastically from $532 million the previous year (the average take-home pay for all 50 on our new list is $581 million). Rank-and-file hedge fund professionals didn’t do too shabbily either. Many saw their earnings soar by 50 percent in 2007, according to our second annual Hedge Fund Compensation Report. No wonder Congress wants to change the tax laws. Legislators, however, can expect an earful from the industry, which at long last is breaking its silence on Capitol Hill, as detailed in our story on the state of hedge fund politics. APRIL 2008 • INSTITUTIONAL INVESTOR’S ALPHA • 33
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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