Cliff Asness – Top Earning Hedge Fund Managers

An Article About Nothing - Top Earning Hedge Fund Managers by Cliff Asness, AQR

Well, today,[1] The New York Times has gotten in on Institutional Investor’s annual listing of the top hedge fund earners. The article is mentioned on the front page of the print edition and is a top article on the paper’s website. The reasons for this include standard gawking at the rich that has probably been going on since one person had a bigger mud hut than her neighbor, but also, as this is The New York Times, the scoring of certain political points (“these guys made all this money despite mediocre years!”).

Unfortunately, this list, published for many years now, makes little...