The 25 highest-paid hedge fund managers made a record $32 billion in 2020, up more than 50% over 2019, according to Institutional Investor’s Rich List. A total of 15 hedge fund managers made $1 billion or more, compared with only eight in 2019. The big gains during the coronavirus pandemic, coupled with the public debate over hedge funds in the wake of the GameStop controversy, is likely to draw criticism from lawmakers and the public over hedge fund pay and fairness in financial markets. The top earner was Israel “Izzy” Englander of Millennium Management, earning $3.8 billion. His flagship fund was up 26% last year, ... (full story)