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But thats from being a trader not a private equity guy. T. Boone Pickens trades energy instruments these days, he hasn't done major LBO stuff in years. Pickens also said himself he's made much more money from oil speculation than he ever did with his LBO activities.
even the link you cited to provide his income is a trader magazine, so clearly he is considered a trader.
It also depends how you define "institutional trader": Is it a hedge fund manager, bank trader, or both? If you define it as someone who works for a large bank...the top ones make more bank than anyone else at the investment bank they work for. People on buy side (ie hedge funds, PE, VC) however make a lot more than anyone at an i-bank, and within the buy side, hedge fund guys are by far at the top.