Brian Snyder/Reuters
Ray Dalio, founder, co-chief investment officer and co-chairman of Bridgewater Associates, speaks at the 2017 Forbes Under 30 Summit in Boston, Massachusetts, U.S. October 2, 2017.
- The top hedge-fund managers hauled in major paydays in 2018, according to Institutional Investor's annual "Rich List."
- These fund managers were big winners despite the fact that a majority of hedge funds lost money in 2018.
- The top nine earners are detailed below.
Last year was a tough one for many hedge funds, with over 60% losing money, according to a report from Institutional Investor.
Despite the difficult year, which included extreme volatility in the fourth quarter, some leading hedge-fund managers received some insane levels of compensation.
The list is dominated by the industry's heavyweights, like Ray Dalio who appeared on the list for the first time since 2011. Dalio's $2 billion payout for 2018 comes out to $5.5 million per day, or $228,310 per hour, according to Institutional Investor.
And while Dalio was the big winner, 12 of the 25 managers who qualified for last year's list failed to make it this year - even though the minimum requirement of $50.8 million was the lowest since 2003, Institutional Investor said.
Appaloosa Management's David Tepper and Third Point's Daniel Loeb were the only two managers to in last year's top 11 who failed to make the top 25 in 2018.
The top nine earners are detailed below: