What is comp at credit hedge funds >$5bn?

Based on the most helpful WSO content, compensation at credit hedge funds with over $5bn in AUM can vary depending on the role and structure of the fund. Here's a breakdown for roles with 0 to 5 years of buy-side experience:

1. Associate/Analyst Level (0-5 years of experience):

   • Base + Bonus: Typically ranges from $200k to $400k.
   • This range can depend on whether the fund operates more like a private credit fund or a traditional hedge fund.

2. Vice President (VP) Level (closer to 5 years of experience):

   • Base + Bonus: Generally falls between $400k and $600k, with some variability based on fund performance and structure.

For private credit-focused funds, there may also be a small carry component included at the VP level.

Sources: Q&A: Currently at a Credit Hedge Fund, Credit Hedge Fund opportunities, 2017 Hedge Fund Report: 8 Key Takeaways, What I've Learned About Hedge Fund Structure and Compensation, Multistrategy / distressed credit compensation