Size matters when it comes to compensation of hedge fund COOs and CFOs, according to a new Rothstein Kass survey. The October survey of more than 500 CFOs of hedge funds found that for COOs, the larger the hedge fund, the bigger the compensation. COOs at hedge funds managing more than $3 billion earned total compensation averaging $1.4 million per year, compared with an average of $1.2 million at funds managing between $1 billion and $2.99 billion, and $1 million for funds managing between $100 million and $999 million.
Hedge fund CFOs surveyed reported the opposite situation regarding their own compensation. CFOs in the smallest tier of hedge funds averaged total take-home packages of $1.8 million, compared to $1.6 million at mid-tier firms and $1.3 million at the largest firms.