Many managers who had grown accustomed to a regular spot in our ranking weren’t spared Wall Street’s implosion, though some nearly made the roster. Fifteen of the top 25 this year either are making their debuts or weren’t on Alpha’s Top Moneymakers list last time (which included the 50 biggest earners).
Just five managers in the previous top 25 qualified this year, and most of those who were bumped lost hundreds of millions of dollars of their own money (see “Eight Men Out”). One of them — Kenneth Griffin of Citadel Investment Group — was personally out $2 billion after his two main funds were each off by 55 percent in 2008.
| Rank | Name | Firm Name | 2008 Earnings |
| 12 | James Chanos | Kynikos Associates | $225 million |
| 13 | Michael Platt | BlueCrest Capital Management | $210 million |
| 14 | Roy Niederhoffer | R.G. Niederhoffer Capital Management | $200 million |
| 15 | John Horseman | Horseman Capital Management | $180 million |
| 16 | Paul Touradji | Touradji Capital Management | $140 million |
| 17 | Henry Laufer | Renaissance Technologies Corp. | $125 million |
| 18 | Kenneth Tropin | Graham Capital Management | $120 million |
| 19 (tie) | Pierre Andurand Dennis Crema | BlueGold Capital Management | $90 million |
| 19 (tie) | Christopher Rokos | Brevan Howard Asset Management | $90 million |
| 22 (tie) | Christian Baha | Superfund | $85 million |
| 22 (tie) | Christian Levett | Clive Capital | $85 million |
| 24 | William Dunn | Dunn Capital Management | $80 million |
| 25 | Andrew Hoine | Paulson & Co. | $75 million |
| Biggest Losers: Eight Men Out | |||
To read the article, click on Brother, Can You Spare a Billion?
