Here's How Much The Average Money Manager At A Hedge Fund Made Last Year

Even though only a small handful of hedge funds managed to outperform the S&P, which closed up about 30% in 2013, compensation for hedge fund portfolio managers skyrocketed.

From Institutional Investor's Alpha:

...Fueled by fat bonuses, total compensation for senior portfolio managers rose 27.6 percent, to $1,465,468, according to the 2014 Hedge Fund Compensation Report by Institutional Investor's Alpha. Junior-level portfolio managers did even better, with their compensation surging 81.3 percent over 2012, to a mean of $887,717.

Based on those numbers, life looks better on the buyside.

Then again, 2014 isn't looking so hot for most hedge funds. The average hedge fund is up a little over 1%, while the S&P is up nearly 5%.