A Good Year For Top Hedge Fund Managers

The top 25 hedge fund managers earned a total of $21.5 billion last year.  The top manager earned $3.5 billion and the "straggler at the 20th position on the list earned only $360 million.  Best of all, their earnings are only taxed at 15%.  Their big paydays were a reward for producing outsized returns to their investors.  In general, last year was not good year for hedge funds.  Most of them were unable to beat the S&P 500 index fund which returned over 30% last year.