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Hedge fund compensation increased again in 2010, although by less than it did in 2009, and industry payouts are still below the peaks reached in 2007, according to analysis by Glocap Search LLC and Hedge Fund Research.
While 2010 base salaries for investment professionals and traders were essentially flat from 2009 levels, regardless of fund size or performance, year-end bonuses are expected to climb 5% on average. By comparison, 2009 bonuses rose about 15%, on average, above the depressed levels of 2008.
Hiring by hedge funds has increased and performance has been stable. Fund marketers and compliance professionals remain in particularly high demand and their compensation experienced the largest percentage increase in 2010.
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