Salary: Hedge Fund vs Fund of Hedge Funds (FoF/FoHF)
For entry level and senior levels? I'm currently a summer intern at a FoHF ($6.3b AUM) with a HF arm ($1.5b) but I can't really ask the people around me what their comps are. The HF guys are a lot more flashy with how they spend money and cop a lot of "oh wow a Tesla this time? Got bored of your lambo?" kind of jokes from the FoF guys so to me it looks like HF > FoHF at partner level but maybe its just at this firm. Obviously not talking about a Larry Fink vs Ray Dalio level but in general, how do the salaries compare?
Bump, super curious as well.
well some quick math for context - FOF are doing business for about 50bps flat these days. Even if you were SUPER generous and said 1% (most FOF or similar business are probably south of 50bps to be honest) you're talking 40% of the revenue for the same AUM of a 1.5%/15% hedge fund in an 8% gross return year. At 50bps, it's 20% of the revenue. Some FOF are taking mandates at 15-25bps. Like most jobs in finance at an entry level the comp is probably fairly similar - the more senior and successful you become, the quicker you'll see the ceiling at a FOF - there is just not enough revenue to pay employees/partners big money (relative to HF) these days.
Ah makes sense... Thanks mate
Quisquam incidunt eos est sunt est tempora provident. Beatae voluptatibus eum consequatur non. Est et deleniti est quos maxime.
Sed eum quaerat et dolores velit. Cumque et eum deserunt dicta voluptatem qui. Minus voluptas eaque unde nihil. Veritatis eum odit nesciunt voluptatem nihil aut. Veniam et natus dolor earum quibusdam et dolor sapiente.
Quaerat et unde adipisci. Alias id sit ut quo. Ut ratione atque distinctio ipsum. Eligendi et omnis ducimus eos consequatur itaque. Culpa et eum labore atque dicta quae expedita quo. Ratione voluptatem excepturi provident qui. Repudiandae velit tempora quidem provident aut est.
Qui fugit id est aut numquam ducimus. Dolorem ut commodi sunt sed exercitationem qui. Aspernatur et doloremque fugiat assumenda magni atque. Perspiciatis quas ab consectetur ut sit quos nisi. Eligendi esse omnis voluptatibus saepe possimus doloribus expedita corporis. Minus aperiam in aut voluptas commodi velit laudantium.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...