Bonus Watch ’14: Junior Portfolio Managers

While their banking brethren received word of compensation with directions to go outside if they had to cry, adolescent portfolio managers at hedge funds did well to quite well for themselves last year, as did everyone else they work with.

Hedge fund firms generally had little to boast about in 2013, with the industry trailing a racing stock market and long-short managers hamstrung by their short positions. But there was good news: compensation. Fueled by fat bonuses, total compensation for senior portfolio managers rose 27.6 percent, to $1,465,468, according to the 2014 Hedge Fund Compensation Report by Institutional Investor’s Alpha. Junior-level portfolio managers did even better, with their compensation surging 81.3% over 2012, to a mean of $887,717. Across the board, investment professionals enjoyed substantial pay hikes in 2013, with total mean compensation hitting $947,443 last year, an 18.5 percent increase over 2012, when they took home $799,259.

Hedge Fund Compensation Rises Despite Firms’ Lagging In The Market [Alpha via BI]

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4 Responses to “Bonus Watch ’14: Junior Portfolio Managers”

  1. guest says:

    hoping the "no JO&Cing for this group!" tag gets a lot of play.

  2. guest says:

    Junior PM or male hooker after meeting with a particularly big client?

  3. Guest says:

    In your best David Spade as Richard from Tommy Boy voice: "You have a million dollar bonus. And why shouldn't you? You underperformed the market and probably aren't even hedged."