Talk about minting money. In 2001 and 2002, hedge fund managers had to make $30 million to gain entry to a survey of the best paid in hedge funds that is closely followed by people in the business. In 2004, the threshold had soared to $100 million.
Last year, managers had to take home - yes, take home - $130 million to make it into the ranks of the top 25. And there was a tie for 25th place, so there were actually 26 hedge fund managers who made $130 million or more.
Just when it seems as if things cannot get any better for the titans of investing, it gets better - a lot better.
James Simons, a math whiz who founded Renaissance Technologies, made $1.5 billion in 2005,...