Hedge Funds: Total Cash Pay For 2013 Rose Double Digits
The 2014 report on hedge fund compensation compiled by HedgeFundCompensationReport.com is out.
Based on data collected directly from hundreds of hedge funds around the globe, including 240 of the biggest firms, as well as many smaller firms, the survey incorporates actual compensation data from 2012 and projections for 2013.
The market helped!
“Overall, 90% reported gains at their funds. This year, an incredible 18% of reporting firms enjoyed gains of 25% or more in their fund,” says the report.
That’s no surprise considering that equity markets put on a stellar performance during 2013. This was a helpful tailwind in favour of fund performance that naturally had a beneficial impact on bonuses linked to fund returns.
Bonuses formed a majority of the cash compensation and therefore total cash pay rose in double digits during 2013.
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