Hedge Fund Compensation Breakdown
I wanted to gain a little more insight into the compensation breakdown in Hedge Funds. Let's say, for example, we have a SM L/S Fundamental Equity Fund with $200m AUM, charging 2/20, with 4 investment analysts, 1 Founder/PM/CIO, 1 trader and 1 COO.
If said Fund returned 20% on the $200m, it would net $8m in performance fees. I am curious as to the approximate breakdown of this among the employees in general (I am aware this varies on a fund-by-fund basis). I assume that approx. 50% would go to the Founder/CIO/PM, the trader, and the COO. While the other 50% would go to the 4 investment analysts. If this is correct, and 3 of the analysts have 5+ years experience, while the other analyst has 1 year experience, how would this 50% be divided amongst the investment analysts?