Contact Information: For more information regarding this report, please contact: Michele Bickford mbickford@iiresearchgroup.com (212) 224-3360
"Alpha" Magazine Releases 2009 Hedge Fund Compensation Report
Survey Shows the Average Paycheck for Hedge Fund Professionals Was $794,000
| Source: Alpha Magazine
NEW YORK, NY--(Marketwire - March 23, 2009) - Pay is often tied to performance in the
financial sector, and "Alpha's" 2009 Hedge Fund Compensation Report
announced today shows paychecks are shrinking for hedge fund managers.
The survey, released on www.alphamagazine.com, reveals the average total
compensation for all the hedge fund professionals was $794,000 in 2008
(down from $940,000 the previous year); cash bonuses were slashed, on
average, by 24 percent; and prospects for a paycheck turnaround seem bleak.
"A third of this industry is going away and not coming back," says John
Pierson, CEO of New York-based search firm 10X Partners, echoing a
sentiment that is shared by much of the hedge fund world.
"Alpha's" third annual Hedge Fund Compensation Report is based on the
responses of more than 800 professionals at nearly 550 hedge fund
management firms in more than 30 countries. Each participant was asked to
provide his or her salary, cash and noncash bonuses, and total compensation
for both 2007 and 2008, as well as an estimate of 2009 earnings.
About "Alpha" Magazine
"Alpha" is the leading hedge fund publication in the marketplace today
providing a much-needed link between the hedge fund industry, its users,
and those who provide advisory, financial and technological services to the
sector.
Through a combination of thorough analyses, sharp profiles and in-depth
investigations, "Alpha" has kept pace with and laid bare the inner workings
of this complex, ever-changing world. A sister publication to
"Institutional Investor," "Alpha" reaches a broad range of financial
services professionals. Readers include hedge fund managers, bankers, chief
investment officers and regulators.
Since its launch in early 2003, "Alpha" has raised the bar in journalism,
bringing stories to the forefront that are every bit as informed,
insightful and exclusive as those "Institutional Investor" has written
about for 40 years. For more information, visit www.alphamagazine.com.