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Archive for the ‘Business News’ Category

April 17, 2008

Hedge Fund Managers Rake in Billions

Speaking of hedging, I just read an article in The Washington Post that revealed the massive incomes generated by several hedge fund managers that bet big on subprime mortgage securities going south.
John Pualson personally earned $3.7 BILLION with a capital “B” last year.  Now if that isn’t absolutely killing it, I don’t know what is.  [...]