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The 10 Highest Paid Hedge Fund Managers

The 10 Highest Paid Hedge Fund Managers

Daniel Loeb

David Shaw

Earnings: $530 million

Firm: D.E. Shaw (He no longer manages the firm's day-to-day operations)

2012 Highlights: D.E. Shaw's $9 billion flagship macro fund, Oculus, posted gains of more than 20% in 2012, according to Institutional Investor's Alpha.

Source: Institutional Investor's Alpha

Leon Cooperman

Earnings: $560 million

Firm: Omega Advisors

AUM: $7 billion

2012 Highlights: In the last quarter of 2012, Cooper dumped his Apple stake and disclosed a new stake in Facebook, according to a securities filing.

Source: Institutional Investor's Alpha

Stephen Mandel, Jr.

Earnings: $580 million

Firm: Lone Pine Capital

AUM: $23 billion

2012 Highlights: All of his funds ended up more than 22% net in 2012, according to Forbes.

Source: Institutional Investor's Alpha

Eddie Lampert

Earnings: $750 million

Firm: ESL Investments

2012 Highlights: ESL's 20% gain last year came from its big stake in Sears, which makes up 40% of the portfolio, and Gap, according to the New York Times.

Source: Institutional Investor's Alpha

Ken Griffin

Earnings: $900 million

Firm: Citadel

AUM: $14 billion

2012 Highlights: Citadel's flagship Wellington multi-strategy fund gained 25.5% in 2012, according to Reuters.

Source: Institutional Investor's Alpha

James Simons

Earnings: $1.1 billion

Firm: Renaissance Technologies (Simons retired from the day-to-day operations, but still has money invested in Ren Tec).

2012 Highlights: The quantitative funds' gains were mixed from a loss of 3.1% to a gain of more than 27% last year, according to the New York Times.

Source: Institutional Investor's Alpha