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Hedge fund compensation continues to increase, says report

Date: Wednesday, September 12, 2007
Author: Hedgeweek.com

Compensation for hedge fund jobs continues to increase across the board according to a new report released by Glocap Search LLC, Institutional Investor News and Lipper HedgeWorld.

The 2008 Hedge Fund Compensation Report provides an in-depth analysis of 2007 compensation paid by US hedge funds including estimates for cash bonuses expected to be paid in early 2008. It analyzes base salaries and bonuses of thousands of hedge fund professionals at hundreds of US hedge fund firms for the years 2004-2007, including Investment Professionals, Traders, CFOs, COOs, Fund Marketers, Administrative & Executive Assistants, Information Technology, Risk Management, Operations and Legal & Compliance professionals.

The data in the Report comes from a combination of first-hand feedback from Glocap candidates on past and expected compensation, actual placement data maintained by Glocap in the course of its search business and from survey results by
its recruiters.

Adam Zoia, Managing Partner at Glocap, noted that, as hedge funds continue to attract capital at rapid rates and the markets have become more competitive, there has been a heightened need for more qualified professionals to help invest the money, and that demand has pushed compensation higher at any given level of fund performance.

Zoia added that the 2008 report was improved to reflect the changing landscape of the hedge fund industry. Specifically, fund sizes were altered to include even larger funds and compensation data was added on fund of funds. 'As we are every year, Glocap is once again happy to be a part of what has become an established compensation planning tool for hedge funds of all sizes,' Zoia said.