Saturday, 30 May 2015
Last updated 1 day ago
Apr 15 2008 | 10:33am ET
The average hedge fund returned about 11% to investors last year. But the average hedge fund manager enjoyed a 50% raise.
Despite the high-profile hedge fund blow-ups, credit crunch and market volatility, the industry posted respectable gains, and added a record $194.5 billion in new money. That performance allowed hedge fund professionals to enjoy substantially higher compensation across the board, according to a new survey from Alpha magazine.
CEOs of single-manager shops made, on average, $3.8 million in total compensation, while the heads of multi-strategy firms took home more than $5.3 million on average. The average fund of hedge funds CEO made $1.8 million.
The average junior trader made more than $200,000 last year. Senior traders at multi-strategy funds earned, on average, $819,000, while those at single-manager shops made more than $1.6 million.
Alpha surveyed more than 800 people at 600 firms.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…