Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

CEO tops large fund of funds compensation – Infovest21

Friday, December 07, 2012

Benedicte Gravrand, Opalesque Geneva: - Infovest21, a New York-based information provider, found in a just-released survey that the CEOs of large funds of funds earn the most - although not as much as in 2011.

In its Eleventh Annual Compensation Survey for Funds of Funds with Assets Over $1 Billion, Infovest21 found the Chief Executive Officer (CEO) was the top position with an average compensation of $958,000. The Chief Operating Officer's average total compensation was second highest at $631,000.

Furthermore: - Five positions earned between $300,000 and $499,000: Chief Risk Officer (CRO), Chief Investment Officer (CIO), Director of Research, Director of Sales & Marketing, and Compliance Director.

- Six positions earned between $200,000 and $299,999: Senior Analyst, Chief Financial Officer, Operational Due Diligence, Controller, Client Services and IT.

- Four positions earned between $100,000 and $199,999: Director of Investor Relations, Fund Accountant, Mid Level Analyst and Junior Analyst.

Lois Peltz, president of Infovest21, observed that, compared to 2011, CEOs and CROs had a lower total compensation in 2012 while the CIOs and CFOs had a higher compensation. Investment positions received by and large lower compensation, and sales, marketing and investor relations positions generally had higher compensation.

The typical fund of funds who responded to the survey ......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance