Wishful thinking ?
Bloomberg News reports that hedge fund professionals are expecting year-end bonuses to climb 39 percent at the end of this year, according to a survey of 500 buy-side investors. That view may be too optimistic, said a partner at the firm that did the polling.
Respondents on average said they’re looking for bonuses rising to $562,000 from $405,000 a year earlier, recruitment firm Odyssey Search Partners said Monday in a statement. Sector heads, partners and portfolio managers expect a 79 percent rise to $1.38 million.
“With assets not substantially increasing and with fees continuing to be under pressure, it may be wishful thinking that the bonus pools would have swelled so considerably,” Anthony Keizner, partner at Odyssey, said in an email.
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