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From the Opalesque team:

While most hedge fund employees can expect to see the rewards of 2009's strong performance reflected in their bonuses, total compensation at hedge funds is not expected to return to 2007 levels. According to The 2010 Hedge Fund Compensation Report published by global recruitment firm Glocap in partnership with HedgeWorld, employees at the top performing hedge funds can expect an increase of approximately 2% in their overall compensation package for 2009 - most of which will be gained in bonus increases over last year.

Much of the negative media focus has been on the increase in compensation across the financial industry even as unemployment numbers pass 10%. However, while the overall national unemployment rate continues to climb it should be noted that unemployment for professionals and managers dropped during the month of October (as did the unemployment rate for those with college degrees). In fact, professional unemployment rates have dropped from 5.5% in July (a decade-high) to 4.7% in October and recruitment firms like executive search site TheLadders.com Inc have reported that October was the most active month of the year so far for job searches.

Compensation expectations The increases for compensation within the hedge fund industry are also in comparison to compensatio......................

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