Hedge fund bosses took home €18bn in pay

SEVEN of the world’s top hedge fund managers earned 10-figure pay cheques and one set a record for the highest-ever pay-out last year due to a stock market rally that pushed returns to their highest levels in a decade.

Together, the industry’s 25 best paid managers collected a record $25.33 billion (€18.65bn), more than double the amount they took home in 2008 when the financial crisis left many prominent funds nursing heavy losses.

In 2007, the top 25 set a record by taking home $22.3bn.