Billionaire hedge fund manager explains why banker pay is way more screwed up than hedge fund manager pay

Business Insider – Billionaire hedge fund manager Paul Singer — the CEO of $25 billion Elliott Management — defended the hedge fund compensation structure, suggesting that bankers are the ones investors should be upset about.

Since the financial crisis, hedge funds for the most part have struggled to produce strong returns relative to passive strategies, making it difficult to justify the fees they’re paid.

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