Monday, 27 April 2015
Last updated 45 min 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.
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…