in

Compensation for hedge-fund managers are up 40% this year

The wallets of hedge-fund managers are looking fatter this year.

Total compensation for hedge fund portfolio managers is expected to climb 40 percent, to $1.4 million, in 2018, according to Institutional Investor’s second annual All-American Buy-Side Compensation Survey.

The hedgies on average reported a 25 percent jump in base pay — to $346,164 — and more than $1 million in variable compensation.

Portfolio managers at hedge funds with more than $5 billion in assets are feeling even more flush, as they are expected to earn $2.8 million in total compensation.

The big gains are due in part to bonuses for 2017 performance — when hedge funds returned 8.6 percent — being paid in 2018.

This year hasn’t been kind to hedgie portfolios, which are down 1.7 percent this year, according to a report by Hedge Fund Research Wednesday.

October was a particularly brutal month for hedge funds, as they suffered their worst month in seven years after plunging nearly 3 percent, HFR noted.

Nevertheless, Institutional Investor noted that hedgies were “broadly optimistic” about their future paychecks, even amid fears of a economic slowdown.

Credit: Source link

Shares
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • VKontakte
  • LinkedIn
  • Gmail
  • Blogger

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Comments

0 comments

Brookstone will return to malls in $165M deal

25 COOL HAIRSTYLES TO MAKE UNDER A MINUTE