TABLE OF CONTENTS 100 Highest-Earning Traders April/May 2008 Cash of the Titans They're called hedgehogs and fat cats, and sometimes much worse than that. There's one word that describes each of the securities-industry standouts who make up this year's Trader Monthly 100: flush. A Word on Methodology Over the past four years of scouring the financial landscape to ascertain precisely which trading figures commanded the most cash from their market machinations, we've made some real strides to ensure that our estimates are reasonable and accurate. A look at our methods in identifying the top-earning traders. Better Luck Next Year Up and coming traders who are on our radar screen.

Hot News, Gossip and Industry Dish
By Rich Blake , Teri Buhl , Chris Gillick | Page 22
The Peloton Brief > read more

My Charity
Redemption Central
By Eric Capper | Page 32
Josh Tarasoff’s Wall Street Volunteers helps traders give a little something back... > read more

Speed Dialer & And They Feel Fine
By Doug Donaldson | Page 34
Porsche’s sleek new cellphone is a trader’s in-the-money call. After a difficult decade, R.E.M. Inc. is a blue-chip once more. > read more

Casting Call
Citizen Kerviel
By Brian Dawson | Page 36
You’ve marveled at his $7 billion trading loss — now enjoy it on the silver screen. Our CRITICAL verdict? Deux thumbs up! > read more

The Darwin Effect & All That Glitters
By Michael Martin , Chris R. Morgan | Page 38
How evolution explains your desire for a fatter wallet. Revisiting a famous gold fraud, 15 years later. > read more

Cojones Q&A
Branch Manager
By Doug Donaldson | Page 40
High-altitude lumberjack Mark Standley risks his life to keep your penthouse in fine cabinetry and parquet floors. > read more

Ask The Dream Doctor
Deferred Futures
| Page 42
One forgetful quant neglects his dogs— AND discovers that his ­biological clock might be ticking. > read more

Risk/Reward
Dig It
By Hilary Lewis | Page 46
Perry Capital product David Sackler avoids peril by following the advice of his famous former boss: Drill down deep. > read more

The Trade
Dead Man’s Curve
By Jonathan Hoenig | Page 50
Be it steep or inverted, traders enjoy a good yield-curve bet. But with the long bond taking on a life of its own and credit markets gone haywire, playing rate spreads can be one dangerous game. > read more

The Card Shark
Advantage: Research
By Johnny Chan | Page 60
A cursory look at any opportunity will lead to cursory opportunities. It’s the deep, time-consuming data that brings serious profits. > read more

The Trading Edge
Of Human Capital
| Page 62
Reaching the upper echelon of the hedge-fund industry has far more to do with picking the right people than picking the right stocks. > read more

The Beat Of The Street
Worst-Laid Plans
By Charles Gasparino | Page 64
Saving the bond insurers was the last noble cause of Eliot Spitzer. But like Spitzer, the plan, at its core, wasn’t all that noble. > read more

Market Makers
Romancing the Stone
By Roxanne Downer | Page 56
For decades, Martin Rapaport has tried to create diamond futures, running afoul of the industry. A study in tenacity. > read more

The Trader Monthly 100
Cash Of The Titans
By Rich Blake , Teri Buhl , Chris Gillick
They're called hedgehogs and fat cats, and sometimes much worse than that. We present them simply as “traders,” though in truth most are technically considered portfolio managers. There’s one word, however, that definitively describes each of the securities-industry standouts who make up this year’s Trader Monthly 100: flush. > read more

Trader Monthly 100: The Top 5

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Trader Monthly 100: 6-10

It took at least $600 million to get in this group. > read more

Trader Monthly 100: 11-20

Behold, the traders ranked Nos. 11 to 20 on this year's list. > read more

Trader Monthly 100: 21-30

Still north of a quarter billion... > read more

Trader Monthly 100: 31-40

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Trader Monthly 100: 41-50

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Trader Monthly 100: 51-60

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Trader Monthly 100: 61-70

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Trader Monthly 100: 71-80

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Trader Monthly 100: 81-90

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Trader Monthly 100: 91-100

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The Trader Monthly 100 Vault

This year marks the fifth annual top-earning-traders list since Trader Monthly debuted with its inaugural rundown (based on 2003 income) in the autumn of 2004 -- and oh, how the years and AUMs have, respectively, flown and grown. Take a look yourself with this review of previous Trader Monthly 100 lists... > read more

Trader 100: High Five
| Page 84
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Figureheads, Line-Straddlers & Mystery Men
| Page 88
Compiling the Trader Monthly 100 always leads to confusion over who should be counted, confusion over what should be counted and just plain confusion. > read more

Comings and Goings
| Page 91
Let's start with the goings, shall we? > read more

Better Luck Next Year...
| Page 95
> read more

Rundown on the Banks
| Page 96
> read more

A Word on Methodology
Trader Monthly 100
| Page 98
Over the past four years of scouring the financial landscape to ascertain precisely which trading figures commanded the most cash from their market machinations, we’ve made some real strides to ensure that our estimates are reasonable and accurate. This year, which marks the fifth installment of the Trader Monthly 100, we are proud to say that we’ve produced our best effort to date. Here's a look at our methods: > read more

Burbank At The Bat
Performance
By Matt Smith | Page 102
Having catapulted himself into the big leagues of the hedge-fund industry, John Burbank ­remains locked in pursuit of more stellar performance . . . and achieving his real dream. > read more

The Wizard Of Winton
By Leah McGrath Goodman | Page 106
David Harding, London’s commodities king, lords over an asset-management ­empire built on the back of black-box trading. Prepare to go behind the curtain for a glimpse inside his amazing money machine. > read more

Liquid Assets
By Nick Kolakowski | Page 112
With their high-tech fibers and high-fashion cuts, these raincoats block out the worst of the downpour - even when your financial sky is falling. > read more

Pacific Exchange
By Evan Rothman | Page 120
The combination of deluxe food and golf makes San Francisco a weekend wonderland. > read more

Fast(est) Market
Wheels
By Larry Webster | Page 126
The exotic-car arena is chock full of dubious propositions. But there’s only one “world’s fastest,” and that’s the new, revolutionary 256-mph SSC Ultimate Aero. We took it out for a (very) quick spin. > read more

Jump to It
Watch List
By Ralph DiGennaro | Page 130
These ever-amusing jump-hour watches can distract you from your open positions once every, oh, 60 minutes. > read more

Geometric Progression
By Jonathan Lesser | Page 132
Like clubs designed by quants: Behold the hottest — and squarest — new fairway woods. > read more

Rainmaker
High Flyer
By Robert Goyer | Page 134
Has your hedge fund hedged in all the right ways? Then consider yourself part of the very small market for the world’s largest — and most expensive — private jet. > read more

Almost Famous
By Brian Dawson | Page 136
We scoured the Trader Monthly “archives" to unearth this celeb-tastic 2007 spin-off — and -excerpted just a few of its many timeless insights. > read more

Trading Titans on CNBC

Trader Monthly out with its list of the world's best earning traders, with John Burbank, Passport Capital LLC CEO; Steven Schonfeld, Schonfeld Group CEO; and CNBC's Bill Griffeth. > read more

Rich Blake on CNBC

The top traders on Wall Street, with Rich Blake, Trader Monthly senior editor and CNBC's Sue Herera. > read more

Chris Gillick on CNBC

The credit crisis is hurting hedge fund returns, with David Bailin, Bank of America; Chris Gillick, Trader Monthly; and CNBC's Dylan Ratigan. > read more

Previously » February/March 2008

More recently » June/July 2008

Current » September 2008