AR Unveils the Highest Earning Hedge Fund Managers of 2009

Annual Ranking Shows Leading Moneymakers Earned More Than $25 Billion; Appaloosa's David Tepper Is No. 1 With $4 Billion

NEW YORK, NY--(Marketwire - April 1, 2010) -  The 25 hedge fund managers on the annual Rich List of AR: Absolute Return + Alpha earned a total of more than $25 billion -- more than double the $11.6 billion of the top 25 in 2008.

The complete ranking and accompanying commentary can be found in the April issue of AR and online at

The earnings of the richest hedge fund managers also exceed the record of $22.3 billion that the top 25 made in 2007. And last year -- in another record -- seven individuals brought home more than $1 billion each.

Appaloosa Management's David Tepper climbed to first place on the list this year, earning $4 billion, which was even higher than the $3.7 billion that John Paulson of Paulson & Co. made when he ranked No. 1 in 2007 after making his famous bet on the housing bust.

Others who made the Rich List with more than $1 billion last year are George Soros of Soros Fund Management, with $3.3 billion; James Simons of Renaissance Technologies, $2.5 billion; John Paulson, $2.3 billion and Steve Cohen of SAC Capital Advisors with $1.4 billion.

This year's Rich List marks the ninth year of the ranking, previously published in Alpha.  To be included on the list, a manager had to earn at least $350 million. In 2001, the first year of the ranking, the combined income of the top hedge fund managers was less than $5 billion -- just a little more than Tepper made in 2009. At the time, 11 hedge fund managers made more than $1 million each. George Soros was No. 1, with $700 million.

The list of the 25 top managers of 2009 appears in the April issue of AR. Full results are available online at

About AR
AR magazine, and its online offering at, features a fresh and much-needed link between the hedge fund industry, its users and those who provide advisory, financial, and technological services to hedge funds. AR is a service of Institutional Investor and HedgeFund Intelligence, divisions of Euromoney Institutional Investor, the international publishing and information company.

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Contact Information:

Michelle Celarier, Editor, AR
(t) +1 212-224-3021

April 10 issue of AR magazine