James Simons, hedge fund manager, earned $1.7 billion last year.... (kottke.org)

posted April 24, 2007 at 02:10 pm

James Simons, hedge fund manager, earned $1.7 billion last year. $1.7 fucking billion! His company charges fees of 5% of assets and 44% of profits while the fund grossed 84% this year. Can one person add $1.7 billion of value to the economy? Something is wrong here.

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