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Who is the highest paid hedge fund manager?

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March 09, 2008 3:05AM

== == Henry Paulson earned over $2B in 2007 through Paulson Co. his hedge fund group that bet against sub prime loans before anyone else knew what was coming.

Edward Lampert of the US-based ESL Investments earned an estimated $1.02 billion (£550m) in 2004, making him the highest paid hedge fund manager, according to rankings released today by Institutional Investor magazine. Mr Lampert, was the first to crack the $1 billion mark in the four-year-old survey despite lackluster returns for the notoriously secretive hedge fund industry as a whole.