BONUSES in HEDGE FUNDS

Today i met one of my business friends. i met him during one business conference. He is a guy from greece and he is a hedge fund manager at a firm in singapore. We met at a danish restaurant...Nice guy. MBA from Harvard /Married at the age of 22 , now 28 and has two kids..!!!! Jesus..but he is a muslim..SO Allah!! Here i am already 26 and walking around hanging that stuff between my legs and as a useless bachelor.

The above was not that made me faint..He spoke about the Bonus structure in Hedge Fund firms..Last year his bonus was close to 2.1Mln USD.!!!!.Can you believe that..and he said he was rated down due to poor performance on one of his macro funds which went against our poor indian market..(For your info - Macro hedge funds bet against general market movements like sensex, dow jones etc than a specific industry).. With his poor performance he got 2.1Mln bonus so what would have been the case had he got it right? I asked him but he wasn't ready to give me that figure but told me it should be close to 10Mln in a wall street firm....

Ga Ga Ga....i want to be a hedge fund manager!!!!!!!

The only problem is hedge funds never recruit people. You need to start off in a Venture capital firm or as an equity analyst or a portfolio manager to get into a hedge fund firm..Once IN then its a Roll...lol!!!