Hedge fund pay: A big slice of the action

«A lot of little crumbs.» That was how Tom Wolfe described the income stream of finance professionals in his novel The Bonfire of the Vanities. Industrialists bake the cake, but the bankers, dealers and asset managers slice it up and pass it around. Their reward is keeping the crumbs as they drop. For the 25 best paid hedge fund managers of 2006, those crumbs looked more like great big golden cakes. Their average income was $570m, up 57% over 2005, according to Alpha Magazine. The average was h...