Trip to Brazil anyone?

"Senior executives in Brazil are abandoning long careers at major banks including JPMorgan Chase & Co., Credit Suisse Group AG and Itau Unibanco Holding SA to create their own hedge funds and equity funds, lured by the chance for more independence and fatter paychecks. Several firms are poaching each other’s ranks as the fight for talent intensifies.

A top hedge fund trader can earn more than 25 million reais ($4.8 million) a year in Brazil, with a handful of the biggest asset-management stars hauling in as much as 100 million reais in total compensation, according to people familiar with industry pay levels. Bank executives running an asset-management unit or proprietary-trading desk rarely make more than 15 million reais"

https://lnkd.in/e-hS2tx via Bloomberg LP

#investmentbanking #hedgefunds #brazil
Traders Quit Banks to Earn $4.8 Million Hedge Fund Salaries in Brazil