Oct
20
Hedge Fund Managers Expect ‘Massive’ 34% Pay Cut, Survey Says
By-
Odyssey Search surveyed 500 hedge fund professionals
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Firms with outflows expected to pay 37% less in bonuses
Portfolio managers at hedge funds, facing an exodus of investors frustrated with high fees, are about to feel the pain from an estimated 34 percent reduction in their compensation.
While fund managers may take the biggest pay cut in the industry, professionals with seven or more years of experience see their total compensation declining by 14 percent on average for 2016, recruiter Odyssey Search Partners said in a report this week following a September survey of 500 hedge fund professionals…
Hedge Fund Managers Expect ‘Massive’ 34% Pay Cut, Survey Says
