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nfle asked in Business & FinanceInvesting · 1 decade ago

which is the best financial institution in the world to work for?

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  • BosCFA
    Lv 5
    1 decade ago
    Favorite Answer

    Centaurus.

    Best-Paid Hedge Manager Earns $1.5B+

    Article published on Apr 11, 2007

    The highest-earning hedge fund manager raked in an estimated $1.5 billion to $2 billion in 2006, according to a new study. The study found the 100 best-paid hedge fund managers earned an average of $241 million last year, with five of them taking home at least $1 billion, Reuters reports.

    Newcomer John Arnold topped the list by betting the right way on natural gas prices, unlike Amaranth Advisors. His hedge fund, Centaurus, returned an astounding 317% before fees.

    The study was released on Monday by Trader Monthly magazine. According to a separate study, the $241 million average is more than double the $110 million the 25 best-paid managers earned in 2002.

    Arnold, a former Enron trader, jumped ahead of such industry luminaries as James Simons of Renaissance Technologies, ESL's Edward Lampert, veteran oil trader T. Boone Pickens and SAC Capital Advisors' Steve Cohen, who each made at least $1 billion. Simons, Lampert and Pickens have placed in the top three in earnings rankings by Alpha and other magazines.

    Last year, the best-paid hedge fund managers delivered returns of 30% and 40%, according to Hedge Fund Research, but the average hedge fund return was considerably smaller, about 13%. In comparison, the average domestic stock mutual fund gained 12.4% last year, according to Lipper data.

    Simons runs the most expensive hedge fund, charging a 5% management fee and a 44% performance fee. That compares to a 3% management fee and 30% incentive fee charged by Arnold's fund.

    Other top earners on Trader Monthly's list include Robert Soros, Stanley Druckenmiller, Jim Chanos and William Ackman.

    By Pete Bucci

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  • 1 decade ago

    The one that gives you the best pay and opportunities. A brand name company like Goldman Sachs or Morgan Stanley could be that company, or maybe working in a hot hedge fund is best. If you managed money for the Yale endowment that would be very prestigious.

    Source(s): MBA
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  • Anonymous
    1 decade ago

    The best would be to own your own business. If you have to go work for another company, try to learn as much as you can, then save up money and start your own financial company.

    Jeff

    http://www.best-stock-trading-systems.com

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  • 1 decade ago

    yourself- there is no ceiling. But you can do that by working under the banner of a company like WLG. Look at F.L.A. under www.debjim.com.

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  • 1 decade ago

    check out citigroup.com

    2nd largest bank in the world.

    Source(s): I'm a california mortgage broker
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  • 1 decade ago

    i would say bank of amercia

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