The average hedge fund portfolio manager in Europe earned $573,761 last year, according to Institutional Investor's first edition of the All-Europe Buy-Side Compensation Report: Hedge Fund Cut.

Roughly 300 portfolio managers and research analysts at hedge funds, wealth managers, and investment advisory firms managing European equities were surveyed for the inaugural report. Respondents disclosed their 2017 compensation and made predictions about how they expected their total compensation to change over the next 24 months.

The surveyed hedge fund portfolio managers reported an average of $206,909 in base compensation for last year, plus $366,852 in bonus pay. Hedge fund analysts, meanwhile, reported average total compensation of $365,620, including $142,943 in base pay.

For compensation earned by mutual fund and investment advisory firm employees, please see the All-Europe Buy-Side Compensation Report.