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Pity the poor hedge funders as comp comes down

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Painful October for many hedge funds

Hedge fund compensation is catching up with performance, and for some of those in the business that's not going to be a good thing.

The nearly $3 trillion industry is slogging through a rough 2015, with some of its biggest names struggling to make money, due in part to slumping oil prices and troubles in emerging economies.

Consequently, those weak results are eating into compensation, particularly on the bonus side.

The decline will be felt most strongly at the intermediate level, or firms that have assets between $1 billion and $5 billion, according to estimates from industry tracker HFR.

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