It's that time of the year to get a sense of what the comp number should be. I currently work for a small SM HF ($250mm AUM with 1/10 structure). What should the comp be for an analyst if the fund's performance for the year is 10% (pretty shitty, i know)? If it helps, I have 1 year of prior buyside experience.
EDIT: Number of Employees = 5 and PnL on my names covered = $3mm
Thanks!
| +30 | Interesting juncture: L/S Hedge Fund or MM Private Credit? | 6 | 13h | |
| +19 | London HFs | 8 | 1d | |
| +19 | MM BD people make LSD/MSD $m?? | 25 | 21h | |
| +16 | Road to Working at a Hedge Fund? | 14 | 2d | |
| +15 | JD or CFA for Distressed Debt/Activism? | 3 | 11h | |
| +15 | Credit comps | 9 | 15h | |
| +14 | Large HFs in SF / Bay Area | 10 | 2d | |
| +13 | Fund Accountant @ HF | 7 | 4d | |
| +10 | Junior Summer: Long Only AM vs High Yield Research at a BB | 3 | 14h | |
| +9 | Blackrock hedge fund interview | 5 | 4d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump
How many employees? What was the PnL of your names covered? Too many variables missing
I mean it'll depend on headcount as well -- total revenue for this year would be 2.5M in management fees and 2.5M in performance. Subtract out whatever overhead exists and then the PM will take a large cut and whatever else is left will be distributed among the analysts. If this is a 3 person shop, you're probably doing pretty well and could clear 500k this year. If this shop has 7-8 people of varying seniority covering 250M in AUM then you're going to make a lot less as the junior most member at the firm.
this is way too optimistic
2.5m management fee should all be eaten up by fixed costs. the base salary (50k? 100k? 150k tops comes from here)
10% on his 3m PnL is 300k. PM takes most of it, leaves 50k for him. 100k of PM is really generous.
Est aliquid at non. Et non impedit nesciunt earum voluptatem consequuntur laboriosam. Pariatur labore vel dicta iste sed consectetur nemo. Quam quibusdam blanditiis non odio nulla.
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...