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From the Opalesque team: Advent's 2008 Annual Operations and Compensation Survey may be one way to gauge the expectations for increased regulation from within the financial industry. The survey reported Chief Compliance Officers saw an average salary increase of +24% from $165,000 to $205,000 even as CEO compensation held steady for the year.

“Such is the importance being placed on this role that the 75th percentile in 2007 was higher than the 25th percentile of the previous year.” The survey, which included 147 financial firms and compensation information for over 1,000 individuals included firms managing hedge funds and fund of funds (as well as other vehicles) and across multiple asset classes.

Regulation within the hedge fund industry has expanded from the focus of hedge fund centers such as the US and UK (which this year recently released best practices through government appointed working groups) to the full attention of the G20 nations. In a statement released following the G20 Summit the leaders, who gathered to discuss policy responses in reaction to the current global credit crisis, included stronger risk management standards for hedge funds, banks and credit ratings firms.

Interestingly, the Advent survey seemed to also reflect the difficult decisions firms will need to make as assets decrease across the financial industry.

Although the significant salary boost of Compliance Officers indicat......................

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