Hedge fund workers 'are best paid'

3 August 2009

Employees working for hedge funds are among the best-paid members of the North American and European finance and data management sectors, new research has found.

According to a survey carried out on behalf of the Financial Information Services Division by Lakefront Data Ventures, hedge fund managers earn an average base salary of £192,029, with the maximum wage of those working in this area being $326,087.

Data vendors receive an average of $132,186, the statistics suggested, with those involved in retail banking receiving $94,361.

The figures also indicated a difference in pay levels between the sexes, with men working in the industry receiving an average of $179,246 - nearly $30,000 more than women.

Commenting, chief executive officer of Lakefront Dale Richards stated: "This type of data is particularly critical now as the financial information services area continues to evolve".

Earlier this year, CQS' ABS Feeder Fund and the BlackRock Middle East & North Africa Opportunities Fund picked up titles at the annual Hedge Fund Review European Performance Awards.

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