Portfolio managers' pay up 8% as capital flows back to funds

Pay packets up in 2014 as average hedge fund returns 3%

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The pay packets of top-performing hedge fund portfolio managers are to swell by 8% in 2014, according to the latest estimates, as the industry looks to have regained confidence lost in the uncertain post-crisis days.

Employees across the hedge fund industry are to gain total compensation rises of between five and 10% in 2014, according to the yearly Glocap Hedge Fund Compensation Report issued by recruiter Glocap Search and data compiler Hedge Fund Research.

Portfolio managers at firms with more t