“Longevity with the firm plays an important part of an equity award and most survey respondents have less than four years with the firm. 20% of respondents said they have received equity in the firm. Awarding equity in the company also seems to depend partly on job title. Nearly half of the COO and CFO players have equity, while less than a third of the Portfolio Managers share in that upside. While a vesting period for the equity is not standard practice, many respondents commented on their equity coming to them over time.”
From the HFSD 2007 Hedge Fund Compensation Survey
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