Hedge Fund Managers Earn Staggering Sums

Around tax time, Absolute Return magazine publishes a list of Wall Street’s biggest winners of the year. This year, while most of America continues to battle a financial recession and 9.5 percent of the workforce remains actively unemployed, the nation’s top hedge fund managers took home staggering sums of money. Louise Story, finance reporter for our partner The New York Times tells us why and how these managers make billions each year.