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The highest earning hedge fund manager received $3.9 billion last year... holy s**t

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    Wow just read this article on the highest paid fund managers - im not sure what i can think about this other than holy s**t 3.5 BILLION dollars... BILLION - i am jealous hehe :P although a lot of time and effort no doubt goes into the running of a huge fund it would seem to me when you have 120 billion to invest in markets the amount of money you 'invest' would shift market prices up due to the simply huge numbers involved - either way amazing

    article bellow
    http://www.theoffshoreonline.com/art...e-fund-manager
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    And I still dont know why there are so many poor people in the world.
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    Who cares? This isn't important
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    Hedge fund businesses profit from economic downturn and recession.
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    Pennies compared to this guy

    http://en.wikipedia.org/wiki/Madoff_investment_scandal

    Funny how I haven't heard him mentioned once in the media.
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    Viva la Revolucion...
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    Have they got any jobs going
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    (Original post by Martyn*)
    Hedge fund businesses profit from economic downturn and recession.
    It's the ultimate form of trickle-up economics. They do a better job of redistributing wealth from poor to rich than casinos do. They bet on commodities like grain which affect poor Africans and farmers in third world countries as the price of food fluctuates drastically and people starve but they do it anyway because they make billions doing it.
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    (Original post by Aisha~~)
    Pennies compared to this guy

    http://en.wikipedia.org/wiki/Madoff_investment_scandal

    Funny how I haven't heard him mentioned once in the media.
    I didn't really follow the news when that was in the news and I still heard quite a bit about it.
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    3.9 billion won't save the fella from being an absolute prick.
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    (Original post by runlop)
    although a lot of time and effort no doubt goes into the running of a huge fund
    1). Take peoples money
    2). ????
    3). Billions of Profit.


    Seems hard.
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    (Original post by Manitude)
    I didn't really follow the news when that was in the news and I still heard quite a bit about it.
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    (Original post by Aisha~~)
    Pennies compared to this guy

    http://en.wikipedia.org/wiki/Madoff_investment_scandal

    Funny how I haven't heard him mentioned once in the media.
    So, you haven't listened to the news for the past 4 years then.
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    (Original post by Aisha~~)
    Pennies compared to this guy

    http://en.wikipedia.org/wiki/Madoff_investment_scandal

    Funny how I haven't heard him mentioned once in the media.
    Then you should pay more attention, because he was all over the news.

    And fellow Jew Jon Stewart ripped him one or two new ones IIRC.
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    (Original post by Brutal Honesty)
    It's the ultimate form of trickle-up economics. They do a better job of redistributing wealth from poor to rich than casinos do. They bet on commodities like grain which affect poor Africans and farmers in third world countries as the price of food fluctuates drastically and people starve but they do it anyway because they make billions doing it.
    I've always been interested in what hedge funds do? I know it's on Wikipedia, but could you give me a brief, simple outline of what they do? Or is what you've stated above the core? They bet on commodities to go up or down, and make fortunes/losses on that?
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    (Original post by victoryshinesonus)
    I've always been interested in what hedge funds do? I know it's on Wikipedia, but could you give me a brief, simple outline of what they do? Or is what you've stated above the core? They bet on commodities to go up or down, and make fortunes/losses on that?
    they invest?

    they take people's money, put it all together, then invest using their strategy. They make profit, charge a percentage to the clients, rest is clients' profit.
    thats how it works (or i think)
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    (Original post by Martyn*)
    Hedge fund businesses profit from economic downturn and recession.
    How does that work?
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    (Original post by Brit_Miller)
    3.9 billion won't save the fella from being an absolute prick.
    Was he a prick when you met him then?
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    Yeah, This kinds of profit within hedge fund businesses aren't really unheard of. They make obscene amount of money relative to their work.

    Wonder how much of that money came from short selling companies??
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    (Original post by Aisha~~)
    Pennies compared to this guy

    http://en.wikipedia.org/wiki/Madoff_investment_scandal

    Funny how I haven't heard him mentioned once in the media.
    Are you joking? LOL. Every news channel spoke about him almost every day for years, and he still pops up occasionally. Not only that but there were at least half a dozen special programs where they went around and interviewed everyone he conned.

    Here is just one:
    http://www.channel4.com/programmes/b...illion-swindle

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