Museo Salvador Dali
Figueres, Spain
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Figueres
Salvador Dali
Sunday, April 3, 2011
Paulson tops list of top-earning hedgies
Hedge funds came roaring back last year, according to The Rich List, a survey published by Absolute Return+Alpha.com.
In its 10th annual poll, the Web site says the top 25 hedge funders netted just over $22 billion for the year.
John Paulson took the gold -- literally -- earning $4.9 billion with his bet on the precious metal. Paulson regained the crown after being bested by David Tepper in 2009.
Tepper dropped out of the "money" in 2010 to fourth place. The Appaloosa Management chief took an earnings haircut of almost 50 percent, bringing home $2.2 billion, vs. $4.0 billion in 2009.
"In 2001, the combined income of the top hedge-fund managers was less than $5 billion -- about what Paulson alone made in 2010," said AR Editor Michelle Celarier.
In second place for 2010 was Ray Dalio, chief of the largest hedge fund, Bridgewater Associates. Dalio earned $3.1 billion, roughly $2 billion more than in 2009.
Retired James Simons of Renaissance Technologies banked $2.5 billion, Steven Cohen of SAC Capital Advisors was at $1.3 billion while Eddie Lampert of ESL Investments came in at $1.1 billion.
Finishing in the top 10 were: Carl Icahn, with $900 million in earnings, down from $1.3 billion in 2009; Bruce Kovner of Caxton Associates, with $640 million; George Soros, at $450 million, down from $3.3 billion in 2009 and Paul Tudor Jones of tudor investment, with $440 million.
Some notables fell off the top 25. John Arnold of Centaurus Energy, who made $900 million in 2009, didn't rank last year. Also missing from this year's list was Philip Falcone of Harbinger Capital Partners, who earned $825 million in 2009.
harbinger capital partners, steven cohen of sac capital advisors, sac capital advisors, centaurus energy, hedge fund managers, caxton associates, bruce kovner, paul tudor jones, appaloosa management, david tepper, eddie lampert, ray dalio, john paulson, top hedge fund managers, james simons, bridgewater associates, esl investments, renaissance technologies, george soros, tudor investment
Saturday, April 2, 2011
Friday, April 1, 2011
IMG_5989
IMG_5989
Yes, that much snow, and it's a week old.
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there's hertz and then there's not exactly
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soda springs ca
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soda springs, hertz
Thursday, March 31, 2011
Wednesday, March 30, 2011
Luge-Track Probe Reaches Impasse
VANCOUVER, British Columbia – Vancouver's Olympic organizing committee and the International Luge Federation appear to have reached a stalemate in determining where the final responsibility lies for the construction of the luge track that witnessed the death of a Georgian athlete last week.
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Associated Press
The Whistler Sliding Centre
Tim Gayda, the organizing committee's vice president of sport, said Saturday that Vanoc, his organization, followed the FIL's orders in construction of the Whistler Sliding Centre. Nodar Kumaritashvili died there Feb. 12 during a practice run.
Pressed repeatedly on when Vanoc first heard concerns that the track might be too fast, Mr. Gayda gave no specifics, saying only that athlete feedback goes to the federation first: "We hear about it, but they really act on it," he said.
"We hear positive comments, but we hear other comments as well," he said of athlete feedback that may have warned Vanoc of dangerous conditions. "The comments that we really listen to are the ones from the international federation that say … this is the track that we wanted, and if there is a safety issue on a particular area, largely we will make the adjustments on their recommendation. We don't necessarily listen to chatter that's out there."
Meanwhile, FIL spokesman Wolfgang Harder said the organization does not carry the final responsibility for ensuring safety as Whistler Sliding Centre. "The owner has final responsibility," Mr. Harder said.
Mr. Gayda also fielded questions about concerns surrounding cross-country, Alpine and freestyle skiing venues.
Slovenian cross country skier Petra Majdic broke four ribs Wednesday when she slipped off a corner of the course and into a creekbed during a practice at Whistler Olympic Park. Before knowing the extent of her injury she remained in that day's event, winning a bronze medal before going to the hospital.
Slovenian Olympic officials filed a protest over the course to the International Olympic Committee, Vanoc and International Ski Federation (FIS). IOC executive director Gilbert Felli said Saturday that the protest has been rejected.
Mr. Gayda said of Ms. Majdic's injury, "No one felt there could possibly be a crash on that site. It's something that we have looked at. We've made adjustments to that corner to try to protect it. The protest was rejected by the jury and they still believe it is a safe and fair track to compete on."
Cypress Mountain, home to the freestyle skiing events, has had to refund over 20,000 tickets over safety concerns for the slushy slope in North Vancouver. Mr. Gayda said Vanoc has directed venue officials to mix snow brought in from nearby areas with older snow and water to try to create a harder surface for remaining athletes to compete on.
"It sounds like a baking exercise," he said.
—David Crawford contributed to this report.
Write to Adam Thompson at adam.thompson@wsj.com
cross country skier, international luge federation, international olympic committee, olympic organizing committee, luge track, vancouver british columbia, freestyle skiing, olympic officials, olympic park, majdic, creekbed, nodar, gayda, dangerous conditions, vanoc, bronze medal, safety issue, international federation, stalemate, ribs
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