Managers of hedge funds with $1 billion or more in assets under management will, for the most part, see their total compensation rise this year, even as predictions continue that as many as three-quarters of the hedge funds on the market will close their doors and many executives on Wall Street will be getting no bonuses this year at all.
A number of the top 10 people at the biggest hedge funds in the nationbut not the chief executive officers will become richer this year than they were last, according to Infovest. They include the chief operating officer, chief risk officer, compliance director, assistance controller, portfolio manager, assistant portfolio manager, senior analyst, junior analyst and operations/mid-office personnel.
On the other hand, total compensation this year is expected to decline for hedge fund chief executive officers, chief financial officers, general counselors, client service executives and fund account executives.
The fate is unclear, however, for chief investment officers, chief administration officers, directors of investor relations and operations directors.
Nonetheless, because they have historically been richly rewarded, the three top-paid people this year at hedge funds will be the CEO, director of research and portfolio manager.
