The wallets of Londonís hedge fund stars have gotten decidedly lighter
The hedge fund high life is not what it used to be in London. That?s the takeaway from hedge fund research firm Emolument.com, which tells us that London-based hedge fund honchos are getting paid 55% less on average than they were two years ago. Average total pay at London hedge funds is £120,000 ($200,000) now, compared with £265,000 in 2012.
This article was published in Quartz, 21st August 2014