Opalesque Industry Update - In its just-released "13th Annual Compensation Survey for Funds of Funds Managers with Assets Over $1 Billion," Infovest21 found that the Chief Executive Officer is the highest paid position with an average compensation of $1.4 million. The Chief Investment Officer's average total compensation was second highest at $1.2 million. Meanwhile, five positions - Chief Operating Officer, Chief Risk Officer, Director of Sales & Marketing, Director of Investor Relations and Chief Financial Officer - have total compensation in the $500,000 to $999,000 range. Four positions - Director of Research, Senior Analyst, Operational Due Diligence and General Counsel - have total compensation between $300,000 and $499,999. Two positions - Compliance Director and Controller - have total compensation between $200,000 and $299,999. Four positions - Mid Level Analyst, Client Services, Junior Analyst, Fund Accountant - have total compensation between $100,000 and $199,999.
2014 vs 2013 Comparison
The survey was conducted during September, October and November 2014 by phone and email. The results are based on data from 17 separate fund of funds firms, all with assets over $1 billion. In calculating the statistics throughout the survey, we included only those respondents who provided concrete compensation data with dollar figures. Infovest21, founded in 2000, is an information provider to hedge fund investors, managers, funds of funds and service providers. Led by Lois Peltz, president, the firm provides news, research, surveys, white papers as well as organizes seminars and conferences. General@infovest21.com Press release Bg |
Industry Updates
Fund of funds compensation survey: CEO tops the list at $1.4m, CIO at $1.2m
Monday, December 29, 2014
|
|