Hedge fund managers may not be earning as much as they used to, but they're still doing very well compared to their traditional counterparts.
Hedge fund professionals are the best-paid members of the asset management industry, according to a new report from Greenwich Associates and Johnson Associates. The annual survey shows that the average hedge funder earns almost twice as much as his/her counterparts at traditional firms.
To be precise, hedge fund professionals made 1.8 times as much last year. That's down from 2.4 times as much in 2010.
Greenwich and Johnson said they do see that figure falling further—or returning to previous levels—in the short- or medium term. But they did note that "hedge funds will remain most flexible when it comes to setting compensation packages."