CEOs, Portfolio Managers Top Pay Survey

Date: Wednesday, November 22, 2006
Author: Dailyii.com

Chief executive officers and portfolio managers are the highest paid hedge fund positions, according to the latest compensation survey by Infovest21. According to the poll of 50 HF management firms, CEOs received an average annual compensation of $4.5 million, followed by portfolio managers at $2.5 million and chief investment officers with just above $1 million. The next highest level included:

-- Director of sales and marketing, chief operating officer and chief administrative officer, all which received an average of $800,000 to $1 million.
-- Director of research, chief financial officer and head of trading, with an average of $600,000 to $800,000.
-- General counsel and chief risk officers, averaging total compensation of $400,000 to $600,000.

CEOs commanded the highest base salary – an average of $278,750 – while the five other top positions were somewhere in the $200,000 base range. Annual bonuses, which make up the bulk of total compensation, ranged from a multiple of 1.9 times the base for the chief risk officer to 4.5 times for the portfolio manager.