Mid-Afternoon Links: These hedge fund managers earned billions last year
Naked Capitalism has this in its list of April fools links, but we suspect it to be true: the world's wealthiest hedge fund managers became even richer in 2009.
According to the NY Times, Pittsburgh-based David Tepper, a hedge fund manager whose strategy combined 'deep analysis and common sense', made $4bn last year. George Soros earned $3.3bn Kenneth Griffin earned a mere $900m.
Collectively, the top 25 hedge fund managers earned $25.3bn, substantially more than the previous record set in 2007.
Fund of hedge funds are mostly pointless. (DealBook)
US banking employee compensation. (Mystery blog)
Citi's hired a new PR man on $1m. (WSJ)
French banks have most to lose from the PIIGS. (Zerohedge)
Moore Capital has been aggressively poaching prop traders from investment banks. (HF Alert)
Jamie Dimon has written a 37 page letter defending large banks. (Financial Times)
Ex-FSA enforcement chief turns lobbyist at Deutsche Bank. (Financial News)
Jefferies hires another banker from RBS, to expand its ABS platform. (MarketWatch)
Nomura will be hiring more graduates in Japan. (Bloomberg)
The tale of the millionaire tramp. (Motley Fool)
Lloyd Blankfein - Time Man of the Year. (Baseline Scenario)
Welcome to the men in transition group. (New York Observer)
