What's the range of formulaic payouts for an experienced senior analyst and long-biased single manager fund (say ~$1B AUM, with 2&20 fee structure)?
I'm thinking about someone with ~5yrs of experience and clear coverage universe / P&L attribution.
What a reasonable % of P&L to ask for?
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Range is 2-7%
More common is 3-5%
Are these percentages based on individual pnl or overall fund pnl?
Lol come on. 5% of overall fund is 1/4 of the bonus pool. $10M in a 20% year. Does that sound realistic to you?
Fee PNL
3-5% of performance fee
if this is for % of the total bonus pool, sounds consistent with my data points SM equity l/s
A much better way to ask/answer the question is in terms of the team’s bonus pool. because % payouts vary, if you go into any discussion with a specific % from here that is way out of context for your firm (either way) then you’ll look like an idiot.
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