Hedge fund managers stung by ‘class warfare’ rhetoric

CNBC – Hedge fund investments are finally outperforming, but the public image of their managers is taking a beating.

President Barack Obama called the group “society’s lottery winners” last week, noting that the top 25 earning hedge fund managers made more in 2014 ($11.6 billion) than the roughly 158,000 kindergarten teachers in the U.S. did combined ($8.5 billion).

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