Hedge Fund Bonuses Got Whacked In London
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Remember that time you thought you might want to move to a fund in London?
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Maybe reconsider.
Bloomberg reports that bonuses for hedge fund employees have dropped 94% since 2012, according to data collected by Emoulment.com.
Across the board compensation shrank by 50%.
Your average mid-level employee or director is now taking home a $13,300 in their bonus as opposed to around $220,000 in 2012.
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Base salaries have fallen to just under $150,000 from just under $200,000 since 2012 as well.
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