The 25 best-paid hedge fund managers raked in a combined $12.94-billion in 2015, according to the latest annual rankings from Institutional Investor's Alpha magazine. The group's combined earnings were roughly 11 per cent higher than in 2014, but well off record levels.
Raymond Dalio, founder of Bridgewater Associates, tied for No. 3 on the rich list, despite one of his funds notching a 7-per-cent decline for the year. Here are the top 10 earners for 2015:
| Rank | Name | Firm | 2015 earnings |
|---|---|---|---|
| 1 | Kenneth Griffin | Citadel | $1.7-billion |
| 1 | James Simons | Renaissance Technologies | $1.7-billion |
| 3 | Raymond Dalio | Bridgewater Associates | $1.4-billion |
| 3 | David Tepper | Appaloosa Management | $1.4-billion |
| 5 | Israel (Izzy) Englander | Millennium Management | $1.15-billion |
| 6 | David Shaw | D.E. Shaw Group | $750-million |
| 7 | John Overdeck | Two Sigma Investments | $500-million |
| 7 | David Siegel | Two Sigma Investments | $500-million |
| 9 | O. Andreas Halvorsen | Viking Global Investors | $370-million |
| 10 | Christopher Hohn | The Children's Investment Fund Management (U.K.) | $300-million |
| 10 | Joseph Edelman | Perceptive Advisors | $300-million |