Risk professionals suffer fall in compensation packages

These losses were driven by a 20% decline in bonuses, while salaries reflect either modest growth or some loss, depending on the organisation and practitioners' seniority. For hedge funds and funds of funds, for which growth in total compensation was 25% from 2006 to 2007, 2008 saw a 16% drop on 2007. For traditional asset management firms, which had showed a 14% growth from 2006 to 2007, the decline was 15%. Total compensation for insurance risk professionals fell less steeply than seen in 2006