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#1
April 24th, 2007, 07:05 PM
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Economy - Tuesday
(Investor's Business Daily)
Investor's Business Daily - Average pay for the top 25 hedge fund managers rose 57% in '06 vs. '05 to $570 mil, Alpha magazine said. Three managers earned more than $1 bil last year. They were James Simons of Renaissance Technologies ($1.7 bil), Ken Griffin of Citadel Investment Group ($1.4 bil) and Edward Lampert of ESL Investments ($1.3 bil).
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