Fixed Income HF PM bettter compensated than equities PM

Rank: Orangutan | 302

Seems counter-intuitive. Can someone explain the reason?

Compensation closing

Hedge funds have always paid smaller salaries than long only asset managers, but their bonus payments could stretch into seven figures for top performers. However, the gap has closed - or reversed entirely, depending on your specialism. Senior equities portfolio managers in long-only asset managers received an average of $630k in 2014, according to recent research from Greenwich Associates and Johnson Associates, while hedge fund managers earned $570k. Fixed income hedge funds still paid more with a $750k average, the figures suggest, but compensation has been shrinking.