Hedge Funds Drop From Top Of Earnings List, Survey Finds

FUNDS

As suspected, the "most dramatic declines" in Financial World (FW) magazine's July 4 issue of the Wall Street 100 top earners came at the top of the list, which was dominated largely by hedge fund managers a year ago. In 1993, seven of the top ten in the survey were well known in the currency markets, but this year, those same managers all but dropped out of the race (FXW, July 5, 1994).

Currency managers were not the only ones hurt during the year, however, since the median earner on the an