Hefty Hedge Fund Bonus Expectations
Hedge fund professionals are expecting year-end bonuses to climb 39 percent for 2017, based on a survey of 500 buy-side investors by recruitment firm Odyssey Search Partners. Hedge funds have climbed about 6 percent for the year through November, compared with a 2.8 percent rise for the full year of 2016, according to indexes tracked by Hedge Fund Research. “With assets not substantially increasing and with fees continuing to be under pressure, it may be wishful thinking that the bonus pools would have swelled so considerably,”Anthony Keizner, partner at Odyssey, said in an email.
— With assistance by Matthew Burgess