Via Watching The Hawks:
“By most measures, they say it’s been a good year for the U.S. economy. The unemployment rate sits at a healthy 5.5% and wages are up nearly 3% from last year. But one group of people are truly struggling: Wall Street hedge fund managers.
According to just released numbers from Institutional Investors Alpha Magazine, the top 25 hedge fund mangers earned a collective $11.62 billion last year. Now if that sounds like a lot to you, consider that in 2013 the top 25 mangers took in nearly double that amount, and in order to qualify for the Top 25 List, you had to make at least $300 million.
This year, a mere $175 million gets you on this list.”
Poor hedge fund managers, right? America’s Lawyer, Mike Papantonio, appeared on RT America’s Watching the Hawks to discuss this.
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