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Brian Snyder/Reuters; Michael Loccisano/Getty Images; Samantha Lee/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Investing in blank-check companies has made hedge funds big winners in the SPAC boom. Some market insiders are wary that SPAC mania may be bad news for mom-and-pop investors. Insider spoke with a dozen people to understand what's driving the SPAC boom and how it'll end. Hedge funds have been big winners in the blank-check-company mania that's gripped markets ov...

A wonderful year for the elite: Top 25 hedge fund managers earned record $32 billion in 2020 as millions plunged into misery Institutional Investor ( II) published its annual “Rich List” of the top twenty-five hedge managers and their earnings in 2020. During a year in which tens of millions of people lost their jobs and hundreds of thousands died from the coronavirus pandemic in the US, these super-wealthy individuals collectively increased their earnings 50 percent over 2019 to $32 billion. In “The 20th Annual Rich List, the Definitive Ranking of What Hedge Fund Managers Earned in 202...

These four hedge fund managers together made $10.7 billion last year, raising questions about American society, the economy and its financial rewards.

25 Hedge Fund Managers Made $32 Billion in Pandemic 22 Feb 2021 The year the pandemic threw tens of millions of Americans out of work was extraordinarily good for the bank accounts of the wealthiest hedge fund managers. The top 25 hedge fund bosses made $32 billion, according to  Institutional Investor’s annual Rich List. The list was published Monday. The top earner was Izzy Englander of Millennium Management, who took home an estimated $3.8 billion in 2020. His flagship fund achieved a 26 percent return. The prior year he was number six on the list with $750 million and the year before ...

The record payday is likely to draw criticism over hedge fund pay and fairness in financial markets.