Saturday, 20 December 2014
Last updated 19 hours ago
Dec 19 2011 | 1:11pm ET
Hedgies who want a bigger pay boost should look to Hong Kong, a new survey shows.
The average basic salary for hedge fund staffers and bankers in Hong Kong is up 15% this year, the Astbury Marsden poll shows. The average Hong Kong financial-services pro earned HK$890,000 (US$114,000) this year.
Even better were those who switched jobs. Managing directors jumping from one firm to another in Hong Kong saw their average pay jump 25% to HK$2.5 million, the survey shows, while analysts who switched jobs enjoyed a 20% average pay hike to HK$400,000.
Those who didn't switch jobs and didn't get a promotion will have to settle for a 9.5% increase.
By way of contrast to Hong Kong's 15% pay jump, hedgies and bankers in London have received only a 12% raise, Astbury Marsden said.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.