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As someone who's worked in and with a lot of Hedge Funds, he's not a Hedge Fund Manager: he's a trader.

What that means in general is that while he's going to be very well paid w.r.t. the rest of society, he's not the guy actually doing the full hedge fund portfolio management, he's a guy executing trades on behalf of that portfolio manager.

The PM is the guy who makes the massive, massive payout, not the trader operating on his instructions.



Yes, I do understand that, and I guess I misspoke when I said "manager" rather than "trader". It doesn't detract from the irony though.

(Fan of your blog, and following OpenGamma's progress, BTW)




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