tag:blogger.com,1999:blog-12123329.post5020798837478483859..comments2024-03-21T20:10:28.943+08:00Comments on EDUCATION IN MALAYSIA: Budget Cuts Eats InUnknownnoreply@blogger.comBlogger11125tag:blogger.com,1999:blog-12123329.post-61041810218870140312010-04-02T04:52:20.514+08:002010-04-02T04:52:20.514+08:00Thu Apr 1, 11:39 am ET
BOSTON (Reuters) – Seven of...Thu Apr 1, 11:39 am ET<br />BOSTON (Reuters) – Seven of the world's top hedge fund managers earned 10-figure paychecks and one set a record for the highest-ever payout last year due to a stock market rally that pushed returns to their highest levels in a decade.<br /><br />Together, the industry's 25 best-paid managers collected a record $25.33 billion, more than double the amount they took home in 2008 when the financial crisis left many prominent funds nursing heavy losses.<br /><br />In 2007, the top 25 set a record by taking home $22.3 billion.<br /><br />The annual ranking, featuring the heads of the some of the industry's oldest and biggest hedge funds, was released by Institutional Investor's AR: Absolute Return + Alpha on Thursday.<br /><br />Analysts had expected the overall increase after the average hedge fund gained 20 percent and investors began putting new money into the loosely regulated $1.5 trillion industry in 2009.<br /><br />Hedge fund managers typically earn management fees plus performance fees that can be has high as 50 percent, helping cement conventional wisdom that it can be extremely lucrative to run a hedge fund.<br /><br />Some funds delivered dramatically better returns than the average which helped their managers take home billions, again.<br /><br />David Tepper's Appaloosa Management gained more than 130 percent on his bet that certain bank shares would recover. Tepper earned a $4 billion payout that toppled John Paulson as the industry's record payout holder. Paulson's bet that housing prices would fall earned him $3.7 billion in 2007.<br /><br />Paulson, however, still made the list of top earners, ranking in fourth position with a $2.3 billion paycheck.<br /><br />He followed philanthropist George Soros whose $3.3 billion put him into the No. 2 spot and James Simons who earned $2.5 billion to rank as No. 3. Simons, a former mathematics professor announced his retirement from Renaissance Technologies last year.<br /><br />SAC Capital Advisors' Steven Cohen ranked as the fifth- highest earner with $1.4 billion. He was followed by Icahn Capital's Carl Icahn, ESL Investment's Edward Lampert, Citadel Investment Group's Kenneth Griffin, Centaurus Advisors' John Arnold and Harbinger Capital Partners' Philip Falcone.<br />___________________________<br /><br />Another excellent reason why Malaysian parents should encourage their children to take up business,economics,accounting,finance,etc studies!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12123329.post-8257145387247191212010-03-05T09:26:16.773+08:002010-03-05T09:26:16.773+08:00We Malaysians are sometimes like a big frog that l...We Malaysians are sometimes like a big frog that looks like a well, feels like a well, smells like a weel and yet we do not want to call it a well. We call it the world and claim that we have wide understanding of issues. <br /><br />We do not have to go too far. Just study what is happening in Greece. The government has been living beyond its means for over two decades. They thought that once the joined the EU their problems are over. Not so fast my friend when you are in the EU you must observe financial disciple. Why do you think that we rubbished the World bank and IMF and why do you think that many countries are doing the same. The IMF and World Bank's principle is that we must all live within our means if we want to break even and beneath our means if we want to double our GDP every 15 years.<br /><br />The government has introduced all kinds of schemes that cost money. The unfortunate part is that the bottom line was blurred and there was no financial ovesight. That authority was removed from the Treasury when Off- Budget Agencies were created to side -step those so-called myopic financial staff who treated the government funds like their grandfather's money. How we wish now that they were allowed to rule the day.<br /><br />It is inevitable. When you live beyond your means like the so-called rich football clubs in UK a time will come when vulture capitalism will take over.This does not happen to states or nations. What happens is what happened to so many Third World Countries in the over the last three decdes. One by they had to devalue their currency to meet the growing volume of cash in circulation.<br /><br />We are now crying over spilt milk. We must stop that and make a reassessment of our situation and cut the coat according to cloth we have. That is what Greece has to do and that is what we have to do before some outside lender forces us to later when we become too weak to stand on our own feet.RamalxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12123329.post-52953405339857660482010-03-03T01:59:26.381+08:002010-03-03T01:59:26.381+08:00Who cares...this is a good way to spread wealth ar...Who cares...this is a good way to spread wealth around.<br /><br />One may call it wasteful spending but as long this bumi Malaysia has oil and timber, sand and stones, timber and palm oil, agriculture products like rubber, pineapples, etc..<br /><br />One must be cunning enough to plunder and pillage these natural resources for themselves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12123329.post-34960597427831407902010-02-28T13:17:06.312+08:002010-02-28T13:17:06.312+08:00According to my friend in Ministry of Finance, gov...According to my friend in Ministry of Finance, government just want to stop wrong used of budget. Many of ministry high ranking official had their meeting in 5 star hotel, when government building already equipt with meeting facilities. Launching ceremony of ministry programs can take 100+ thousand ringgit unnecessarilly. This are the budget cut for.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12123329.post-53001447364168326662010-02-16T10:47:00.939+08:002010-02-16T10:47:00.939+08:00While some middle class parents might complain, ma...While some middle class parents might complain, may I add that 'skim makanan bantuan' or tuition for primary schools have been cut. Mind you this is much more important than weekend meal budget.Nor Izzatina Abdul Azizhttps://www.blogger.com/profile/03751425217155726845noreply@blogger.comtag:blogger.com,1999:blog-12123329.post-63989816171485226392010-02-14T06:50:16.608+08:002010-02-14T06:50:16.608+08:00sounds like underground money laundering if you as...sounds like underground money laundering if you ask me. actual $ for the items cost substantially more than the quotes. <br /><br />what with all the fine tuning done by the government, i'm not surprised things are going to pots.wasichgesagthttp://wasichgesagt.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-12123329.post-7224288031614179542010-02-14T01:29:12.125+08:002010-02-14T01:29:12.125+08:00OMG. What happen to investing in our children futu...OMG. What happen to investing in our children future tag-line? I hope this news is not true. Strangely our Minister of Education has not release a statement but alway quick to respond on political issues.<br /><br />Pro EducationAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12123329.post-71398167781623241052010-02-11T06:43:46.515+08:002010-02-11T06:43:46.515+08:00No, if you notice, the difference of "peacock...No, if you notice, the difference of "peacock flower" and "weekend no meal" is a big one.<br /><br />The peacock flower is not something necessary,yet expenses are made.<br /><br />Not every student can go weekend, and when they get into a government boarding school, they should expect government to at least cover their basic necessities.<br /><br />It's now giving up necessities in favor of luxury.<br /><br />What more wrong it can be?Concerned Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12123329.post-58222127008651221912010-02-05T13:25:40.384+08:002010-02-05T13:25:40.384+08:00Rm35 per day per student is a bit too high. Let us...Rm35 per day per student is a bit too high. Let us put it at Rm15. One more thing, They also save the electricity and whatnot for the weekend don't they?1Msianoreply@blogger.comtag:blogger.com,1999:blog-12123329.post-43472902621667760462010-02-04T17:42:46.349+08:002010-02-04T17:42:46.349+08:00I think that you are looking at it from the wrong ...I think that you are looking at it from the wrong side. If the meals are free for these students then there is a twist. Let us assume that the minisrty pays RM35.00 per student per day for meals. Let us say the the Rediential School has 500 students . Daily cost will be 500X 35.00= rm 17,500 X 2 = RM35,000 for two days Saturday and Sunday. That is good money. We must st up a Commission of Inquiry to look into this. RamalxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12123329.post-26253722326592069522010-02-04T15:05:08.535+08:002010-02-04T15:05:08.535+08:00good information, thanks..good information, thanks..Dewihttp://www.fullpdf.comnoreply@blogger.com