Sunday, 26 October 2014
Last updated 1 day ago
Dec 5 2012 | 11:04am ET
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."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.