Fund managers' compensation running contrary to bankers'

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While bankers' base pay is rising and - as a proportion of total compensation - their bonuses are (meant to be) falling, the fund management pay trend appears to be moving in the opposite direction.

According to a study by Create Research, 58% of fund managers have frozen base pay and have either moved or are moving towards a more performance-oriented compensation model.

It comes at a time, when banks are espousing higher fixed costs. The Financial Times reported yesterday that base salaries for managing directors have jumped from about $250k (€180k) a few months ago, to closer to $400k now.

Source: Create Research