income distribution is skewed toward the top? In hedge funds
last year, most employees made more money than they did in
2009, with some junior professionals getting the biggest
raises, while the chief executives and chief investment
professionals' compensation didn't match the big gains of
The median compensation package for investment professionals
was 23% more in 2010 than in 2009, at about $400,000. Average
pay, however, was about flat, at $805,063. That's one
indication that most of the gains came from the bottom, not the
top. Bonuses drove the higher compensation packages, with base
salaries remaining relatively stable.
Junior staffers saw bigger jumps in total compensation and
bonuses than their senior counterparts by some measures-a sign
that hedge funds are trying to retain up-and-coming talent.
Hedge funds also paid up big in the areas of compliance,
marketing and risk management, as the postcrash...