Pay for Portfolio Managers Said to be on the Rise
September 15, 2006 - By Mark Bruno – Compensation for portfolio managers and "highly quantitative" investment professionals is likely to increase because demand for "fundamentalist and stock pickers" has decreased, said Steve Niss, Managing Director for Fiderion Group, an executive search firm, according to sister publication Pensions & Investments.
In general, quantitative managers can now command roughly 20% more in total compensation than traditional fundamentalist managers, estimated Mr. Niss.
He could not provide a range for quantitative portfolio managers' salaries, adding that compensation may vary based on a manager's specific investment strategy.
Hedge funds will continue top search for talent, despite lower year-to-date returns, according to the Atlanta-based executive search and strategic management consultant for financial services, technology and marketing companies.
Risk management officials are also in strong demand and are commanding salaries between $500,000 to $2 million, according to Fiderion.
Meanwhile, commodities, infrastructure and energy portfolio managers and analysts will also be in strong demand, according to the Atlanta-based executive search and strategic management consultant for financial services, technology and marketing companies.