Our community’s hedge fund comp database supposedly updates weekly with real offers. But with the market shifting rapidly, how reliable are these figures for actual negotiations? Specifically, how are people adjusting base vs carry expectations when facing ‘lean years’ compared to the posted data?
the ‘live’ data’s always 6 months stale. funds know about this resource and lowball exactly 10% below listed averages. pro move: counter with citadel 2021 numbers and watch them sweat
saw the dashboard shows NYC analyst comps up 15% this month – is that real?? how often do ppl actually contribute new data?
Statistical analysis shows Q3 2023 data had 72% correlation with actual signed offers when cross-referenced with SEC filings. Key insight: Focus on the 25th-75th percentile ranges rather than averages, as outlier mega-offers distort means. Database update frequency less critical than vintage year filters
Used the benchmark tool last month. Recruiter literally laughed when I cited the base salary range, then showed me their ‘adjusted for market conditions’ scale. Ended up 5% over their initial offer but still 20% below database midpoints. Your mileage may vary