The top 25 managers of US hedge funds took home a record $25.33 billion in 2009, according to the new issue of the industry journal AR: Absolute Return+Alpha. The unchecked moneymaking in 2009 marked a dramatic reversal from the crisis year of 2008, when the top 25 took home “only” $11.6 billion. It surpassed even the heady days of 2007, when they combined for $22 billion.
Maybe that's what the REAL "recovery" is about; certainly a piddling 162,000 jobs doesn't begin to cut into massive joblessness.
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