It pays to be in distress. Though leveraged loan managers have had a good year, some of the best paid managers in the world are on the distressed side, according to II Magazine's latest survey of hedge fund managers. Marc Lasry, the founder of Avenue Capital Group, took home $125 million last year, betting on stakes in Adelphia Communications and Charter Communications. Glenn Dubin and Henry Swieca of Highbridge Capital also made the list, earning $80 million apiece last year. But these pale into comparison to David Tepper or Appaloosa Management, who took home $510 million.