It's time again for Trader Monthly magazine to reveal their list of 2005's highest earning traders.
Not only did each of our top two earners, T. Boone Pickens and Stevie Cohen, score estimated compensation figures north of $1 billion -- a first -- but this time, even the low-rent hedgehogs needed $40 million to make the cut. And to think conventional wisdom holds that hedge-fund managers under-performed last year. Hardly.On Wall Street, some of the scores were gargantuan, as bulge-bracket banks enjoyed one of the most profitable years in the history of the markets, from asset-backed to credit and crude to crack spreads.
(Personally I'd like to see the list broken into percentage returns. Sure making (or getting paid) a billion is impressive but if you were working with 10 or 20 billion to start it's less impressive. I want to see the folks who made a million trading with $100,000. But that's just me...)
Once again they're revealing the list over the course of a week. Here's what's up so far (Free subscription required for all articles):
Monday: Top 10
Tuesday: The Top Hedge-Fund Traders
Wednesday: The Top Wall Street Traders
Thursday: The Best of the Rest
Friday: The Top Up-and-Comers
