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Alternative Market Briefing

CEO tops large fund of funds compensation Ė 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 ......................

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