Hedge Fund Manager Capital Introduction
A hedge fund manager and/or any person acting on its behalf may not solicit an investment into a hedge fund through any type of “general solicitation” or general advertisement” under Section (c) of Regulation D.
As a result, an increasing number of hedge fund managers rely upon hedge fund advisory services to handle most capital introduction services and distribute hedge funds directly to qualified clients. The methods vary by which information can be disseminated. Traditionally, networking was the preferred means of doing business. Hedge funds would rely upon the established relationships between advisory services and their high-net worth clientele. But, with the growth of the Internet, electronic communication has transformed the hedge fund industry where online databases, hedge fund consultants, and advisory services are a fingertip away.
Highest-Earning Hedge Fund Managers
The full top 10 list of hedge fund earners according to Trader Monthly includes:
- T. Boone Pickens – estimated 2005 earnings $1.5bn +
- Steven A. Cohen, SAC Capital Advisers – $1bn +
- James H. Simons, Renaissance Technologies Corp. – $900m – $1bn
- Paul Tudor Jones, Tudor Investment Corp. – $800m – $900m
- Stephen Feinberg, Cerberus Capital Management – $500 – $
- Bruce Kovner, Caxton Associates – $500m – $600m
- Eddie Lampert, ESL Investments – $500m – $600m
- David E. Shaw, D. E. Shaw & Co. – $400m – $500m
- Jeffrey Gendell, Tontine Partners – $300m – $400m
- Louis Bacon, Moore Capital Management – $300m – $350m
USA Today states that the average pay for Hedge Fund managers is $363 Million.