"A Very Good Crisis" Says George Soros

Making Hay While It Rains

Soros is one of 25, top hedge fund managers from across Wall Street who have defied the credit crunch crisis to reap a total of $11.6billion (£7.9bn) last year.

George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse.

Mr Soros said his prediction meant he was better able to brace his Quantum investment fund against the gloabal storm.

But other investors failed to take notice of his prediction and his decision to come out of retirement in 2007 to manage the fund made him $US2.9 billion.

And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.

Others who have fared well:

Alpha Magazine's 2008 Top Moneymakers

1 - James Simons, Renaissance Technologies Corp, $2.5 billion
2 - John Paulson, Paulson & Co, $2 billion
3 - John Arnold, Centaurus Energy, $1.5 billion
4 - George Soros, Soros Fund Management, $1.1 billion
5 - Raymond Dalio, Bridgewater Associates, $780 million
6 - Bruce Kovner, Caxton Associates, $640 million
7 - David Shaw, D.E. Shaw & Co, $275 million
8 - Stanley Druckenmiller, Duquesne Capital Management, $260 million
9 - (tie) David Harding, Winton Capital Management, $250 million
9 - (tie) Alan Howard, Brevan Howard Asset Management, $250 million
9 - (tie) John Taylor Jr, FX Concepts, $250 million Profiles for hedge fund managers ranked 12 through 25 will be available tomorrow:
12 - James Chanos, Kynikos Associates
13 - Michael Platt, BlueCrest Capital Management
14 - Roy Niederhoffer, R.G. Niederhoffer Capital Management
15 - John Horseman, Horseman Capital Management
16 - Paul Touradji, Touradji Capital Management
17 - Henry Laufer, Renaissance Technologies Corp.
18 - Kenneth Tropin, Graham Capital Management
19 - (tie) Pierre Andurand, Dennis Crema, BlueGold Capital Management
19 - (tie) Christopher Rokos, Brevan Howard Asset Management
22 - (tie) Christian Baha, Superfund
22 - (tie) Christian Levett, Clive Capital
24 - William Dunn, Dunn Capital Management
25 - Andrew Hoine, Paulson & Co.

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