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Alternative Market Briefing

Hedge fund professionals are the best paid in the asset management industry

Tuesday, December 04, 2012

Beverly Chandler, Opalesque London: Greenwich Associates and Johnson Associates have conducted a new study that reveals that evolving compensation standards could widen the divide between traditional asset management companies and hedge funds. The study says: "Hedge funds will remain most flexible when it comes to setting compensation packages".

The study also found that base salaries for asset management professionals are projected to increase 3.5% and incentive pay is projected to rise by 0-10% from 2011 to 2012.

"Those results reflect an industry that, like the economy and financial markets in general, is slowly regaining strength but lacks conviction and awaits a more robust recovery," says Greenwich Associates Analyst Kevin Kozlowski.

The new study, entitled "2012 U.S. Asset Management Compensation," examined compensation results for traders, head traders, portfolio managers, and analysts working in fixed income and equities for traditional asset management firms and hedge funds.

Hedge fund professionals emerged as the best paid, according to the study, with, in 2011, hedge fund professionals earning approximately 1.8 times the amount taken home by their counterparts in traditional asset management firms. "In fixed income, that differential was actually down from 2010, when hedge fund professionals out-earned employees of traditional management companies by 2.4 times. For equity profes......................

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