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From Kirsten Bischoff, Opalesque New York:

Collecting data from hundreds of hedge fund employees, the 2010 Hedge Fund Jobs Digest Compensation Report has revealed expectations for compensation increases for some teams is high. Members of portfolio teams who responded to the survey during the last quarter of 2009 expected up to 50% in compensation increases, with most of that coming through bonuses. However, those in supporting roles at funds expect only small increases, and in some cases up to double digit pay cuts.

Although the middle and back office outlook illustrated through the survey results seems bleak, John Breault, Partner & Co-Founder of the alternative investment practice at NJ based recruitment firm MJE Advisors told Opalesque that the pay cuts his firm has seen for certain positions have been related to firm performance and not an overall industry trend on slashing middle and back office salaries.

He adds that while current compensation may have decreased this year due to this factor, the job market is seeing placement requests for middle and back office positions at services providers and funds.

These positions include Head of Operations, middle office analysts (to track equity finance fees, clear OTC trades, monitor providers), pricing and valuations positions, tax, financial controls, etc.

Pay cuts are in li......................

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