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

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of