Now That's Rich
Institutional Investor's latest "rich list" in its Alpha magazine, its survey of the 25 highest-paid hedge fund managers, is out - and it turns out that these guys make a lot of money. Surprise!
Yet before we dismiss the report as nothing new, let's think about what it means that these 25 men (yes, they're all men) made a combined $21 billion in 2013. In particular, let's think about how their good fortune refutes several popular myths about income inequality in America.