Thursday, 7 May 2015
Last updated 13 hours ago
Nov 5 2010 | 12:03pm ET
The average U.S. hedge fund manager will make more this year than last year—but not as much more as he or she made from 2008 to 2009.
Year-end bonuses at hedge funds are expected to rise 5% in 2010 after jumping 15% last year—a year in which the hedge fund industry bounced back from its worst-ever year in 2008. The average hedge fund manager at a large, top-performing firm will take home almost $5 million this year, while those at smaller firms will earn a more modest $1.23 million, according to a survey by Glocap Search and Hedge Fund Research.
“Hedge fund compensation in 2010 is not exclusively about management and incentive fees, but also about duration, liquidity, transparency and retention, as well as operational and organizational efficiencies," Kenneth Heinz, president of Hedge Fund Research, said. "As the hedge industry continues to grow and evolve, the compensation model which defines the fundamental economic relationship between investors and fund managers will continue to evolve with it."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…