Rich get richer through hedge funds

From today's NYT: Talk about minting money. In 2001 and 2002, hedge fund managers had to make $30 million to gain entry to a survey of the best paid in hedge funds that is closely followed by people in the business. In 2004, the threshold had soared to $100 million. Last year, managers had to take home -- yes, take home -- $130 million to make it into the ranks of the top 25. And there was a tie for 25th place, so there were actually 26 hedge fund managers who made $130 million or more. Just when it seems as if things cannot get any better for the titans of investing, they get better -- a lot better...Read the article on the NYT web site HERE or read the article through LexisNexis HERE (search on hedge funds).