Mutual fund directors' compensation, which has been criticized for being excessive, rose by 9.1 percent in 1999, according to a new study.

The median compensation for directors in fund complexes with more than $25 billion in assets under management was $75,000 last year, according to Management Practice of New York, a consulting firm that advises fund directors. Assets managed per director rose 7.8 percent in 1999, according to the firm.

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