Hedge-Fund Managers Who Bet on Financial Companies Made Loads of Money Last Year

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Photo: Ars Technica

David Tepper, the brass-ball-possessing hedge-fund manager who made $7 billion scooping up stock of Bank of America and Citigroup during the crash, topped Absolute Return and Alpha magazine's annual "Rich List" for 2009, one of several on the list who made money betting for and against financial stock in the roiling markets. Meanwhile, Citigroup CEO Vikram Pandit and former Bank of America CEO Ken Lewis are two of many CEOs who saw their paychecks take a gigantic slide.

Pay of Hedge Fund Managers Roared Back Last Year [NYT]
CEOs See Pay Fall Again [WSJ]