Re: Really Rich Guys - Top 10 Traders
the only one there that i'm shocked about is Renaissance.
they charge like 4/40. and based on historical returns, they seem to earn it. their information ratio is like 3.0. sick. and they have > 20bil under management. so i would think he would be worth somewhere near the guy who owns our fund.
however, i dont know how much of that company ( or the companies ) are retained by one guy. and whether they have income coming in from areas of asset management.
i can say based on that it is still very reasonable for him to be worth 10bil and still shocking if he is worth less than 7. i'm lazy and don't want to do a back of the envelope calculation. especially b/c the 20bil claim WASNT the main point of my post. BUT, taking the 4bil/24bil ratio, i get that he would be worth >5.5bil just on that alone + we manage another 140bil in assets for long only portfolios and have been doing that since 1996 (although obviously in 1996 we had fewer AUM).
DAMN YOU DIABLO for off-tracking me!!
again, point=luck>skill for top traders.
so lets hear testimonials about people who were way up there who fell!
Barron
|