- UK
- US
Our fourth annual Equities and Multi-Asset Compensation Guide provides a detailed view of the market over the past 12 months - drawing on insights from more than 600 investment professionals. The report benchmarks compensation and hiring trends across long/short hedge funds, long-only funds, sell-side equity research, fund-of-funds, OCIO, and multi-asset allocators.
16% decline in hedge fund hiring, as firms prioritise quality over scale following a surge in junior recruitment in 2023–24.
Hedge funds remain market leaders in pay, with compensation rising across all levels despite modest hiring slowdowns.
Sell-side research hiring fell 15.7%, yet compensation increased, with Director bonuses up 55% year-on-year.
Long-only funds face continued fee pressure, but senior professionals saw a 15% uplift in total compensation, led by boutique fund outperformance.
Allocators are pivoting toward private markets, particularly private credit, as volatility and rising yields reshape strategies.
AI is reshaping equity research, driving demand for analysts who deliver original insight and stronger client relationships.
Gender diversity challenge persists: female hiring in hedge funds fell to 6%, down from 14% the previous year.
The 2025 Equities and Multi-Asset Compensation Guide offers a clear, data-driven perspective on how the public markets talent landscape is evolving. It provides actionable benchmarks for compensation across roles and experience levels, highlights the strategies firms are using to attract and retain talent, and explores the key trends reshaping hiring and reward in 2025. Whether you’re planning new hires, reviewing pay structures, or benchmarking your firm’s competitiveness, this report delivers the insights you need to make informed decisions.
