The highest earning hedge fund manager of 2011 essentially won the equivalent of seven of the current $540 mega million jackpots last year. Bridgewater Associates' Ray Dalio's reward for his bets on where the markets were heading: $3.8 million, according to Absolute Return's list of the top-earning hedge fund managers. The top 25 hedge fund managers took home an average of $576 million each. And that was a down year. Last year's total compensation for the top 25 hedge fund managers dropped 35% ... to $22 billion. That drop in pay came in a year when hedge funds underperformed a lackluster stock market. The HedgeFund ... (full story)