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December 31, 2009

Outsized paychecks elude many hedge fund staffers

Hilary Potkewitz - While a handful of hedge fund managers will take home record paychecks for 2009—such as Appaloosa Management's David Tepper, whose anticipated earnings for the year were recently estimated at around $2.5 billion—it looks like many, if not most, of the rest of the herd will be earning dramatically less. Professionals who left high-paying jobs at investment banks or a law firms

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