Top hedge fund managers earning 'more than some nations'

Top bosses collectively took home £9bn last year, despite some of their funds losing investors' money

Kenneth Griffin
Kenneth Griffin, the founder and chief executive of Citadel, took home $1.7bn
(Image credit: Larry Busacca/Getty)

The highest-paid executives in the hedge fund industry were last year paid collectively more than the value of "the entire economies of Namibia, the Bahamas or Nicaragua", reports The Guardian.

According to the annual estimates published by Institutional Investors Alpha, the top 25 executives earned just shy of $13bn (£9bn). The top two, Citadel founder and chief executive Kenneth Griffin and James Simons, the founder and chairman of Renaissance Technologies, each took home $1.7bn (£1.17bn), "equivalent to… 112,000 people taking home the US federal minimum wage of $15,080".

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