Chanos wins while losing

Interesting rumor (fact?) I heard the other day... With the stock market up some 200% since the 2009 lows, how the hell does famed short seller Jim Chanos make money? Well, he DOESN'T according to people familiar with the matter. His fund is down every year, but money managers invested with him don't care because he is their hedge and they're happy to keep paying him! Brilliant self-promotion and marketing have established him as THE guy you want just in case $h!t hits the fan. As long as the market keeps going up everyone is happy I guess... even Chanos.