Hedge fund performance lags, pay rises

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A report by hedge fund executive search firm Glocap concludes that, "Last year compensation was down overall, particularly for senior investment professionals and for owners of hedge funds. But in 2012 compensation for both categories as well as all categories of employees increased modestly with a 5 percent increase being typical." That may be about right, as hedge funds on average have risen about 3 percent this year. They sorely lag the S&P 500, however, though most funds don't necessarily consider the main stock indexes to be strict benchmarks. Article