Tricky compensation situation

Long time lurker, first time poster

I'm in a tricky compensation situation. I'm 6 months into an associate job at a well regarded mm fund, and have recently learned that I am being paid ~50k less than 1st years before me.

Has anyone else been in this situation? I'm thinking of negotiating but unsure how much leverage I have in this situation.

For reference, I'm performing well, maybe slightly above average

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