Tags: hedge fund | pay | survey | investing

LA Times: Top Hedge Fund Managers Pay Cut to $400 Million Each

Tuesday, 05 May 2015 02:15 PM

The top 25 hedge fund managers earned $11.6 billion in compensation in 2014, an average of $400 million each, even as their industry posted mediocre results, according to the Los Angeles Times.

The top earner last year was Kenneth Griffin, founder and chief executive of Citadel Group, who took home $1.3 billion, according to the newspaper, which cited a survey by Institutional Investor's Alpha magazine. The high-frequency trading firm had gains of 18.3 percent.

But many hedge funds didn’t beat the Standard & Poor's 500 stock index, which rose 13.7 percent in 2014. The HFRI Fund Weighted Index, which measures the industry, gained 2.98 percent, according to Hedge Fund Research in New York.

Hedge fund pay in 2014 declined from the previous year, when the top 25 managers earned $21.5 billion, or $846 million on average, the newspaper said.



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The top 25 hedge fund managers earned $11.6 billion in compensation in 2014, an average of $400 million each, even as their industry posted mediocre results, according to the Los Angeles Times.
hedge fund, pay, survey, investing
140
2015-15-05
Tuesday, 05 May 2015 02:15 PM
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