TOP 100 Traders (article)

Arbitrageur said:

Cash Of The Titans : The Trader Monthly 100
They're called hedgehogs and fat cats, and sometimes much worse than that. We present them simply as “traders,” though in truth most are technically considered portfolio managers. There’s one word, however, that definitively describes each of the securities-industry standouts who make up this year’s Trader Monthly 100: flush.

By: Rich Blake , Teri Buhl , Christopher Gillick
April/May 2008

You needed at least $75 million in 2007 *income to make the cut. Five of the forces of nature on the pages that follow cleared 10 figures. One, John Paulson, made, at minimum, a staggering $3 billion, more income banked in one year than any trader — maybe any human being — ever. Paulson wasn’t alone. Smart subprime and related bets produced windfalls for a slew of other top traders, including Phil Falcone, Richard Perry and John Burbank. Our usual elephants, Jim Simons and Stevie Cohen, did their customary stomping, while a ferocious pack of Tiger Cubs also roared into the coliseum.

Technology was back as an investment theme — a good one if you were long the right names. Financials served you well — as long as you had shorted them. This year marks the fifth annual top-*earning-traders list since Trader Monthly debuted with its inaugural rundown (based on 2003 income) in the autumn of 2004 — and oh, how the years and AUMs have, respectively, flown and grown.

Along the way, we’ve published a few estimates that wound up being too high; others, more often, came in too low. But we continue to strive for the most reasonably accurate compensation ranges that vigorous reporting can produce. But enough about our hard work; it’s time for mambo number five. The trades have been cast, the calculations made. On with our countdown. And for the third straight year, we’ve got a new top dog.


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The 2007 Trader Monthly 100


John Paulson, New York, Paulson & Co. Estimated 2007 Income: $3 billion+

Phil Falcone, New York, Harbinger Capital Partners Estimated Income: $1.5–$2 billion

Jim Simons, New York, Renaissance Technologies Corp. Estimated Income: $1.5–$2 billion

Steve Cohen, Connecticut, SAC Capital Advisors Estimated Income: $1–$1.5 billion

Ken Griffin, Chicago, Citadel Investment Group Estimated Income: $1–$1.5 billion

Chris Hohn, London, The Children’s Investment Fund Estimated Income: $800–$900 million

Noam Gottesman, London, GLG Partners Estimated Income: $700–$800 million

Alan Howard, London, Brevan Howard Asset Management Estimated Income: $700–$800 million

Pierre Lagrange, London, GLG Partners Estimated Income: $700–$800 million

Paul Tudor Jones, Connecticut, Tudor Investment Corp. Estimated Income: $600–$700 million

Trader Monthly 100: Nos. 11-20
Greg Coffey, London, GLG Partners, Estimated Income: $500–$600 million

Ray Dalio, Connecticut, Bridgewater Associates, Estimated Income: $500–$600 million

Stanley Druckenmiller, New York, Duquesne Capital, Estimated Income: $500–$600 million

John Arnold, Houston, Centaurus Energy, Estimated Income: $400–$500 million

Louis Bacon, London, Moore Capital Management, Estimated Income: $400–$500 million

Israel Englander, New York, Millennium Management, Estimated Income: $400–$500 million

Jeffrey Gendell, Connecticut, Tontine Associates, Estimated Income: $400–$500 million

Dinakar Singh, New York, TPG-Axon Capital, Estimated Income: $400–$500 million

Chase Coleman, New York, Tiger Global Management, Estimated Income: $350–$400 million

Andreas Halvorsen, Connecticut, Viking Global Investors, Estimated Income: $350–$400 million

Trader Monthly 100: Nos. 21-30
Bill Ackman, New York, Pershing Square Capital Management, Estimated Income: $300–$350 million

Jim Chanos, New York, Kynikos Associates, Estimated Income: $300–$350 million

James Dinan, New York, York Capital Management, Estimated Income: $300–$350 million

Stephen Feinberg, New York, Cerberus Capital, Estimated Income: $300–$350 million

John Griffin, Dallas, Blue Ridge Capital, Estimated Income: $300–$350 million

Dan Och, Dallas, Och-Ziff Capital Management, Estimated Income: $300–$350 million

Richard Perry, New York, Perry Capital, Estimated Income: $300–$350 million

T. Boone Pickens, Dallas, BP Capital, Estimated Income: $300–$350 million

Larry Robbins, New York, Glenview Capital Management, Estimated Income: $300–$350 million

Tim Barakett, Dallas, Atticus Capital, Estimated Income: $250–$300 million

Trader Monthly 100: Nos. 31 to 40
John Burbank, San Francisco, Passport Capital, Estimated Income: $250–$300 million

Stephen Mandel, Connecticut, Lone Pine Capital, Estimated Income: $250–$300 million

Nathaniel Rothschild, New York, Atticus Capital, Estimated Income: $250–$300 million

Chris Shumway, Connecticut, Shumway Capital Partners, Estimated Income: $250–$300 million

David Slager, New York, Atticus Capital, Estimated Income: $250–$300 million

William Von Muefling, New York, Cantillon Capital Management, Estimated Income: $250–$300 million

John Zwaanstra, New York, Penta Investment Advisers, Estimated Income: $250–$300 million

Marc Lasry, New York, Avenue Capital Group, Estimated Income: $200–$250 million

Dan Loeb, New York, Third Point Management, Estimated Income: $200–$250 million

Eric Mindich, New York, Eton Park Capital Management, Estimated Income: $200–$250 million

Trader Monthly 100: Nos. 41 to 50
Steven Roth, London, GLG Partners, Estimated Income: $200–$250 million

Peter Davies, London, Landsdowne Partners, Estimated Income: $150–$200 million

Dan Gold, New York, QVT Financial, Estimated Income: $150–$200 million

Steven Heinz, London, Landsdowne Partners, Estimated Income: $150–$200 million

Bruce Kovner, New York, Caxton Associates, Estimated Income: $150–$200 million

Willem Kooyker, New Jersey, Blenheim Capital, Estimated Income: $150–$200 million

Alec Litowitz, Illinois, Magnetar Capital Management, Estimated Income: $150–$200 million

Joseph Oughourlian, New York, Amber Capital, Estimated Income: $150–$200 million

Paolo Pellegrini, New York, Paulson & Co., Estimated Income: $150–$200 million

Raj Rajaratnam, New York, The Galleon Group, Estimated Income: $150–$200 million

The 2007 Trader Monthly 100: Nos. 51 to 60
(Click on the names to read individual profiles.)

Stuart Roden, London, Landsdowne Partners, Estimated 2007 Income: $150–$200 million

Paul Ruddock, London, Landsdowne Partners, Estimated Income: $150–$200 million

Martin Taylor, London, Thames River Capital, Estimated Income: $150–$200 million

Paul Touradji, New York, Touradji Capital Management, Estimated Income: $150–$200 million

Brett Barakett, New York, Tremblant Capital Group, Estimated Income: $100–$150 million

O. Francis Biondi, New York, King Street Capital Management, Estimated Income: $100–$150 million

Keith Campbell, Maryland, Campbell & Co., Estimated Income: $100–$150 million

Richard Chilton, Connecticut, Chilton Investment, Estimated Income: $100–$150 million

Leon Cooperman, New York, Omega Advisors, Estimated Income: $100–$150 million

William de Winton, London, Landsdowne Partners, Estimated Income: $100–$150 million

Trader Monthly 100: Nos. 61 to 70
David Harding, London, Winton Capital Management, Estimated Income: $100–$150 million

Brian Higgins, New York, King Street Capital Management, Estimated Income: $100–$150 million

Michael Hintze, London, CQS Management, Estimated Income: $100–$150 million

Martin Hughes, London, Tosca Fund, Estimated Income: $100–$150 million

Mark Kingdon, New York, Kingdon Capital Management, Estimated Income: $100–$150 million

Michael Platt, London, BlueCrest Capital Management, Estimated Income: $100–$150 million

William Reeves, London, BlueCrest Capital Management, Estimated Income: $100–$150 million

Brian Stark, Milwaukee, Stark Investments, Estimated Income: $100–$150 million

Jeffrey Tannenbaum, New York, Fir Tree Partners, Estimated Income: $100–$150 million

David Tepper, New Jersey, Appaloosa Management, Estimated Income: $100–$150 million

Trader Monthly 100: Nos. 71 to 80
Matthew Tewksbury, Bermuda, Tewksbury Capital Management, Estimated Income: $100–$150 million

Jeff Altman, New York, Owl Creek Asset Management, Estimated Income: $75–$100 million

William Arah, London, Marathon Asset Management, Estimated Income: $75–$100 million

Peter Briger, New York, Fortress Investment Group, Estimated Income: $75–$100 million

William Browder, London, Hermitage Capital Management, Estimated Income: $75–$100 million

Richard Chenevix-Trench, London, Sloane Robinson Investment Management, Estimated Income: $75–$100 million

David Einhorn, New York, Greenlight Capital, Estimated Income: $75–$100 million

David Ganek, Connecticut, Level Global Investors, Estimated Income: $75–$100 million

Alex Habib, London, Spinnaker Capital Group, Estimated Income: $75–$100 million

Doug Hirsh, New York, Winton Capital Management, Estimated Income: $75–$100 million

Trader Monthly 100: Nos. 81 to 90
John Horseman, London, Horseman Capital, Estimated Income: $75–$100 million

Jeremy Hosking, London, Marathon Asset Management, Estimated Income: $75–$100 million

Philippe Jabre, Geneva, Jabre Capital Partners, Estimated Income: $75–$100 million

Marcos Lederman, London, Spinnaker Capital, Estimated Income: $75–$100 million

Adam Levinson, New York, Fortress Investment Group, Estimated Income: $75–$100 million

Claude Marion, London, Spinnaker Capital, Estimated Income: $75–$100 million

John Meriwether, Connecticut, JWM Partners, Estimated Income: $75–$100 million

Michael Novogratz, New York, Fortress Investment Group, Estimated Income: $75–$100 million

Crispin Odey, London, Odey Asset Management, Estimated Income: $75–$100 million

Neil Ostrer, London, Marathon Asset Management, Estimated Income: $75–$100 million

Trader Monthly 100: Nos. 91 to 100
George Robinson, London, Sloane Robinson Investment Management, Estimated Income: $75–$100 million

Barry Rosenstein, New York, JANA Partners, Estimated Income: $75–$100 million

Chris Rokos, London, Brevan Howard Asset Management, Estimated Income: $75–$100 million

Gary Rosenbach, New York, The Galleon Group, Estimated Income: $75–$100 million

Art Samberg, Connecticut, Pequot Capital Management, Estimated Income: $75–$100 million

Thomas Sandell, New York, Sandell Asset Management, Estimated Income: $75–$100 million

Steven Schonfeld, New York, Schonfeld Group, Estimated Income: $75–$100 million

Hugh Sloane, London, Sloane Robinson Investment Management, Estimated Income: $75–$100 million

Thomas Stever, San Francisco, Farallon Capital Management, Estimated Income: $75–$100 million

Jaffray Woodriff, Virginia, Quantitative Investment Management, Estimated Income: $75–$100 million

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jeffreyc01 said:

can u or anybody else post trader 100 in 2006,ie that was released around April/May 2007,i just want to check one guy from SAC who made around 150m,he had worked for lehman bros around 10 yrs and almost 100% return every yr(not accurate enough maybe) but lehman didnt treat him well then he finally went to SAC and it was his 2nd yr's income in SAC.

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