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Hedge-Fund Director Bonuses Drop 94% as Returns Decline

Bonuses for hedge-fund employees in London have dropped by 94 percent since 2012 as returns in the industry declined, according to a salary-data provider.

The average bonus for directors, or mid-level employees, plummeted to 8,000 pounds ($13,300) this year from 40,000 pounds last year and 135,000 pounds in 2012, Emolument.com said in a statement today.