Is a $60K Base Salary + 25% Sales Commission + 5% Equity a good compensation package for a Hedge Fund Sales Director?
I have been offered a job as a Sales Director at a small hedge fund in Chicago. The hedge fund has only 3 employees and an excellent 5 year track record with an average return of 15% p.a. (after fees) and a maximum drawdown of 15%. The financial package I have been offered is $60K base + 25% Sales Commission + 5% equity stake in the company. The 25% sales commission represents "25% of the management fees plus 25% of the performance fees" based on the assets raised by myself. The firms fee structure is a 2% management fee plus a 20% performance fee. Just wanted to reach out and see if I have been offered a good deal? Thanks in advance.
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