The hegemony of hedge fund executives seems to be sliding as their pay packets have halved in a year. But don’t feel too sorry for them, their average salary is still almost 25 times more than Britain’s average salary of £26,500.
This year, they are expected to earn an average compensation of £660,000 including a £201,000 salary and a bonus of £459,000. Last year, the total package of an average hedge fund executive stood at £1.5m including a £361,000 salary and £1,236,000 bonus.
According to data collected by Emoulment.com, a company that studies salaries, bonuses for hedge fund employees have plummeted 94% since 2012.
Directors and vice-presidents in hedge funds now earn an average salary of £226,000 compared with £307,000 two years ago.
In a statement, Emolument.com said: “The last two years have taken their toll on the myth of the hedge fund executive in their Aston Martins,” the company said. “The slow decline in salaries pales in comparison with the collapse in bonuses.”
Take a look at the wealthiest hedge fund managers in the UK:
1. Alan Howard, Brevan Howard Asset Management
2. Michael Platt, BlueCrest
3 Alexander Knaster, Pamplona Capital Management
4 Sir Michael Hintze, CQS
5 Robert Miller and Princess Marie-Chantal and family, Search Investment Group
6 David Harding, Winton Capital
7 Chris Hohn, TCI Fund Holdings
8 Crispin Odey and Nichola Pease, Odey Asset Management
9 Martin Hughes, Toscafund
10= Sir John Beckwith, RiverCrest Capital
10= Steven Heinz, Lansdowne Partners
10= Andrew Law, Caxton Associates
Source: Sunday Times Rich List