SOURCE: AR: Absolute Return + Alpha; Institutional Investor

AR: Absolute Return + Alpha; Institutional Investor

May 03, 2010 09:07 ET

AR magazine Releases Annual Hedge Fund Compensation Report

Survey Shows That Big Bucks Are Back

NEW YORK, NY--(Marketwire - May 3, 2010) -  Hedge fund chief executives made an average $2.62 million in 2009, besting the $1.5 million they earned in 2008, thanks to big bonuses tied to performance gains, according to the annual hedge fund compensation survey published in the May edition of AR magazine.

Chief investment officers did almost as well as the CEOs, earning $2.61 million, quadruple the $620,550 they made in 2008. Like other hedge fund professionals, most of that came in the form of bonuses as the industry's fortunes rebounded. Even those who earned lower base salaries in 2009 compared with 2008 made up for it with their bonuses.

Risk managers and compliance officers did exceptionally well, no doubt a reaction to the industry shakeout and frauds of 2008.

"The many billions of dollars the top hedge funds control generate fees that can be spent on talent, and managers are ready to open their checkbooks and hire and retain the best people," said Michelle Celarier, editor of AR magazine. "Last year was a stellar year for hedge funds, and as long as that continues, the employees will continue to have big paydays."

Last year was also a record year for the top 25 individual hedge fund managers, who earned a total of $25 billion, according to AR's annual Rich List, which was published in the April edition of the magazine.

For full results of the compensation survey, go to www.absolutereturn-alpha.com.

Note for editors:

AR magazine is a joint venture of Institutional Investor and HedgeFund Intelligence.

Institutional Investor publishes Institutional Investor magazine, which was founded in 1967 to inform, instruct and entertain members of the financial community through identifying and examining the individuals and institutions that wield power and influence in the world. 

HedgeFund Intelligence is the world's leading information source on hedge funds and those investing in hedge funds including fund of funds. It publishes performance data on more than 10,000 hedge funds and fund of funds around the globe, and its titles cover the U.S., European and Asian markets. 

Euromoney Institutional Investor PLC is listed on the London Stock Exchange and a member of the FTSE-250 share index. It is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. It publishes more than 70 magazines, newsletters and journals, including Euromoney, Institutional Investor, and Metal Bulletin. It also runs an extensive portfolio of conferences, seminars and training courses and is a leading provider of electronic information and data covering international finance, metals and emerging markets. Its main offices are in London, New York, Montreal and Hong Kong, and nearly half its revenues are derived from emerging markets.

For further information contact Michelle Celarier, Editor, AR. +1-212-224-3021 or mcelarier@absolutereturn.net

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