2004 Hedge Fund Compensation Report Released

by Carla Johnson, Investors Offshore.com

29 September 2004

Glocap Search LLC, Institutional Investor News and TASS Research yesterday released the 2004 Hedge Fund Compensation Report, an in-depth analysis of the critical factors that are driving the compensation of investment professionals at US hedge funds.

The report examines data on salaries and bonuses paid to hedge fund professionals in the United States, correlating the information to key characteristics such as years of relevant experience, firm size and performance.

Four new categories of hedge fund employees are introduced in the 2004 report, including: Administrative & Executive Assistants; CFOs & Controllers; Information Technology Professionals; and Marketing Professionals.

The data, which reveals the compensation levels of Investment Professionals and Traders at US hedge funds for the years 2002-2004 and of the new categories between 2003 and 2004, is thought vital to hedge funds wishing to hire new managers or formulate pay structures.

It also helps hedge fund professionals establish where they stand in the pay leagues relative to their industry peers.

"While finding candidates with the right skills, backgrounds and personalities for each of our clients is paramount, I am continually amazed at how essential the right compensation package is," commented Landon Spitalnik, Vice President of Glocap Search.

“A job at another fund often simply means a walk down the hall, so funds need to do all they can to keep their quality people compensated appropriately," he noted.

According to Institutional Investor’s Alpha magazine, the average take-home pay of the top 25 hedge fund earners was $207 million, nearly double that of 2002 ($110 million).

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