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NewsMay 4 2008

Paulson leads fund manager earnings list

Hedge fund manager John Paulson has come out on top in the list of the 100 top-earning fund managers,compiled by Trader Monthly magazine, with a record-breaking $3bn in earnings last year, according to reports. Big bank CEOs’ loss was hedge fund managers’ gain in the US subprime crisis.
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Suzan Sabanci Dincer has been named chairwoman of Akbank, succeeding her father Erol Sabanci’ who retired in March. Ms Dincer, who has served on the board of directors and as managing director of the bank, is one of the few females executives in Turkish banking.

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