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From Kirsten Bischoff, Opalesque New York:

Employees in streamlined firms that have increased their workload in a leaner, meaner industry will be rewarded this year with anywhere between 10-15% increase in salary, concludes a new report by Russell Reynolds to be released this week.

“Navigating the New Terrain in the Asset and Wealth Management Industry” reviews compensation trends within both traditional asset and wealth management firms and those focusing on alternative investments, including hedge funds, real estate, and private equity, in the Americas, Europe and Asia/Pacific.

“While it’s still too early to predict 2010 bonus pools at hedge fund firms, they may remain static relative to 2009 levels. Increased payouts will be more likely at credit shops, for back-office employees earning less than $150,000 in total compensation, and those few funds that significantly outperformed,” said Lynn Tidd Managing Director for the firm’s hedge fund practice in a statement. “Additionally, succession planning strategies will likely lead to increasing equity (and phantom equity) compensation plans, as well as deferred compensation schemes designed to stabilize the talent base.”

Long-term outlook in compensation Surviving the global financial crisis has given many hedge funds a stronger, long-term outlook on their industry and their firm’s position in that industry.

Just a few year......................

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