THE BEST-PAID hedge fund manager in the world took home $3.5 billion (€2.51 billion) last year.

A new table compiled by Institutional Investor’s Alpha Magazine shows that Appaloosa Management’s David Tepper was the top earner among finance supremos.

Institutional Investor says that Tepper has made a name for investing in sectors that other hedge funds are steering clear of, citing his big bets on airline stocks like American Airlines, Delta and United Continental.

Every money-manager on the top ten list pulled in more than $600 million (€431 million), with a total take home of $14.85 billion (€10.7 billion) spread between the ten.

Four executives joined the exclusive club of those taking home one billion or more in remuneration.

The top ten

1. David Tepper, Appaloosa Management: $3.5 billion
2. Steven Cohen, SAC Capital Advisors: $2.4 billion
3. John Paulson, Paulson & Co.: $2.3 billion
4. James Simons, Renaissance Technologies: $2.2 billion
5. Kenneth Griffin, Citadel: $950 million
6. Israel Englander, Millennium Management: $850 million
7. Leon Cooperman, Omega Advisors: $825 million
8. Lawrence Robbins, Glenview Capital Management: $750 million
9. Daniel Loeb, Third Point: $700 million
10. = Raymond Dalio, Bridgewater Associates: $600 million
11. = Paul Tudor Jones II, Tudor Investment Corp: $600 million

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