Here’s How Much the Top Hedge-Fund Manager Made Last Year

Wall Street celebrities gave way to math geeks in the hedge fun world last year.

On Tuesday, the Institutional Investor’s Alpha magazine revealed the 25 best paid hedge fund managers in 2016, a year that was quite trying for most in the industry. And it was James Simons, the founder of camera-shy quant hedge fund, Renaissance Technologies, that topped the list. Simons, a former codebreaker for the National Security Agency with a Ph.D. in mathematics, earned $1.6 billion in 2016. That’s...

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