London Hedge Fund Execs Take Pay Cut in 2013

August 26, 2014 James Heinsman Hedge Fund News

London-based hedge fund executives saw their take home pay crumble as their base salaries and bonuses imploded in 2013. According to Emolument.com, a company which analyses salary levels, there has been a serious change in the volatility in what hedge fund professionals are paid, especially among the highest paid individuals.

Figures show that compensation packages have declined as much as half in 2013 compared with 2012. In 2012/2013 a managing director at a London-based hedge fund could expect a bonus of about £1,236,000. In 2013/2014 that number was slashed to £459,000. Added to the decimated base pay and managers are left with only £660,000, a decline of almost £1.

Despite this sharp reduction in take-home pay, hedge fund professionals still earn approximately triple what mid-level employees make. Vice presidents and directors of hedge funds today average about £226,000, compared to £307,000 two years ago. But this year is definitely better than last year, when the average person in that group said they took home £196,000.

Hedge fund salaries, London,

Comments are currently closed.


Powered by WordPress. Designed by elogi.