Average Hedge Fund Exec. Pay Up Sharply

May 3 2010 | 10:57am ET

Not everyone in the hedge fund industry gets paid like David Tepper. In fact, no one gets paid as well as the Appaloosa Management chief, who earned $4 billion last year. But industry executives do well enough, according to a new survey.

The average hedge fund CEO took home more than $1 million more last year than they did in 2008, according to AR magazine. A middling CEO earned $2.62 million in total compensation last year.

Chief investment officers did almost as well, taking home an average of $2.61 million. That’s more than four times as much as they earned in 2008.

"The many billions of dollars the top hedge funds control generate fees that can be spent on talent, and managers are ready to open their checkbooks and hire and retain the best people," Michelle Celarier, AR’s editor, said. "Last year was a stellar year for hedge funds, and as long as that continues, the employees will continue to have big paydays."

The survey also shows that risk managers and compliance officers had a banner 2009.

Last year was also a record year for the top 25 individual hedge fund managers, who earned a total of $25 billion, according to AR's annual Rich List, which was published last month.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...