Hedge Fund Employees Expect Fatter Paychecks in Beleaguered Year
(Bloomberg) -- Hedge fund employees of all stripes, from junior analysts to portfolio managers, have something in common this year: They’re all expecting fatter paychecks.
Partners, portfolio managers and other senior staff predict a more modest increase in comparison to their junior counterparts. They see a median compensation of $950,000, up nearly 10 percent. This group’s compensation is the most tied to performance.
All figures reflect U.S. funds of all sizes and employees at all levels. The more than 500 respondents were polled from September through November.
The $3 trillion industry is battling poor returns, shrinking assets and pressure to lower fees. A slew of other hedge funds including Tourbillon Capital Partners and Highfields Capital Management in the past year have said they will close.
Hedge fund employees said in the survey that they are still bullish overall on their industry. However, their confidence is muted -- this time last year they expected a 39 percent bonus increase versus 21 percent this year, according to the survey.
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