Top traders at some of the biggest hedge funds are taking home almost a quarter of the profits they make for investors, according to a Goldman Sachs report, as the likes of Citadel and Millennium extend their hold over the industry.
A war for talent between multi-manager hedge funds has pushed up pay in the industry, with firms luring traders with packages that can be worth more than $100mn.
Goldman said that managers at the highest paying firms had this year secured payouts worth 24.5 per cent of the profits they made for investors, compared with 22 per cent in 2022.
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