Must-read: Kevin Drum: “Life at the Top Is Pretty Sweet”

Must-Read: Kevin Drum: Life at the Top Is Pretty Sweet: “My new favorite hedge fund manager…

…is the guy who ranked #15 on this year’s list:

Michael Platt, the founder of BlueCrest Capital Management, took home $260 million, according to Alpha. It was a difficult year for his firm, once one of the biggest hedge funds in Europe with $37 billion in investor money. He lost investors in his flagship fund 0.63 percent over the year and then told them he was throwing in the towel.

Platt’s fund lost 0.63 percent and he basically shut it down in disgrace, and for this he earned a quarter of a billion dollars. Pretty sweet gig, no?