Tuesday, September 30, 2008
John Paulson, Paulson & Co., $3.7billion. Paulsonmade $3.7 billion last year, mostly by shorting, or betting against,subprime mortgage securities and collateralized debt obligations. Oneof Paulson’s credit funds earned a 590% return last year, according toAlpha; another racked up a 353% return.
Philip Falcone, Harbinger Capital Parters, $1.7billion. There is no word yet on how much money Falcone has made fromchallenging the New York Times board, but shorting subprime mortgagesclearly was a profitable decision.
Deal Journal took a look at Alpha’s list and how the 10 highest-paidmanagers made their money. We ranked them below by name, firm and theamount of their yearly compensation in 2007. Full article here.
Posted by amar rama at 5:27 PM