Apr 29 2007
James Simons, the billion $ boffin
FT wrote that according to a survey out last week from Institutional Investor’s Alpha Magazine, Simons took home $1.7bn in 2006, the biggest haul among hedgies and about 31x $54m paid to Lloyd Blankfein of GS. He charges a legendary fees 5% of assets and 44% of profits, vs 2% n 20% the norm. His Medallion has returned an avg 36% after fees since it’s launch in 1989 … sky’s limit, lol …