While these may not be the best of times for hedge funds, they're still pretty good for the best of the best.

Big stock market gains haven't meant the best of times for the industry. As a group, the hedge fund industry returned just shy of 9 percent for 2013, well short of the 32 percent total return of the .

But that doesn't mean there weren't winners.

Take Appaloosa Management's David Tepper. His $3.5 billion in earnings put him at the top of Institutional Investor's Alpha magazine's Rich List of the top 25 hedge fund managers in 2013.



For the full list, go to the Institutional Investor story here.

