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Wall Street’s Highest Paid Hedge Fund Managers

Source: AR Magazine - Absolute Return + Alpha || Photo: Simon Dawson | Bloomberg | Getty Images

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5. Steven Cohen

Earned: $585 Million
Firm: SAC Capital Advisors
AUM: $14 Billion

Although last year’s 8 percent net return by SAC’s flagship multi-strategy fund was among Cohen’s worst annual results (apart from its 19 percent loss in 2008), the fund’s gross return of 16 percent was easily among the best hedge fund performances of 2011.

The fund, which charges a whopping 50 percent performance fee, did especially well in discretionary long-short equity, earning most of its gains from the energy, retail and technology sectors. The firm is based in Stamford, Conn.

Source: AR Magazine - Absolute Return + Alpha || Photo: Simon Dawson | Bloomberg | Getty Images