Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Hedge Fund Bonuses Got Whacked In London

Linette LopezAug 21, 2014, 19:44 IST

Remember that time you thought you might want to move to a fund in London?

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.

Base salaries have fallen to just under $150,000 from just under $200,000 since 2012 as well.