Not everyone working in the financial world has been adversely affected by the current economic crisis. Just ask hedge fund manager Stanley Druckenmiller '75, who earned a reported $260 million in 2008 as manager for hedge fund Duquesne Capital.
Druckenmiller's salary, published in a March 25 article in Institutional Investor's Alpha Magazine, earned him eighth place on the 2008 list of top-earning hedge fund managers. James Simons topped the list, earning $2.5 billion last year as the manager of Renaissance Technologies.
Jerry Kerner, a spokesman for Duquesne Capital, declined to comment on the accuracy of Druckenmiller's reported 2008 salary. Kerner did point out that most hedge funds have seen a decrease in the value of their assets during the current recession.
"Most hedge funds did not do well last year," Kerner said.
Druckenmiller majored in economics and English while at Bowdoin, and pursued graduate studies at the University of Michigan before working full time.