Forthcoming · Q4 2026
Quant Compensation Report 2026
Senior portfolio manager, quant researcher, and head-of-trading compensation benchmarks — drawn from live mandate data across hedge funds, market makers, and multi-strategy platforms.
Why a narrower report
Most compensation surveys in finance read everything and signal nothing. They mix junior and senior, generalist and specialist, region and strategy — and the resulting ranges are so wide that no one negotiating a real offer can use them.
The Bayes Group report covers a deliberately narrow population: senior portfolio managers, heads of quantitative research, and heads of trading at hedge funds, market makers, and multi-strategy platforms. Every benchmark is anchored to live mandate data — current offers, recent closes, and active negotiations across our practice.
It is meant to be useful to people who already know the market: principals calibrating an offer, CIOs sizing a pod build, COOs validating an external advisor's numbers, and senior candidates evaluating a counter. It is not a survey of survey participants.
What it covers
Senior Portfolio Managers
Base, sign-on, guaranteed minimums, performance-fee splits, deferral schedules, sit-out clauses — across multi-strategy pods, standalone quant funds, and systematic macro shops.
Quant Researchers & ML Scientists
Compensation curves from senior researcher to head of research. Stratified by strategy (stat arb, systematic equity, macro, ML alpha) and by platform tier.
Heads of Trading & Execution
Execution leadership, market-making heads, and trading infrastructure leads. Pay differentials between standalone funds and platform pods, plus carry / P&L participation structures.
Geographic Differentials
New York · Hong Kong · Singapore · Dubai · Abu Dhabi · London. Tax-adjusted net-take comparisons, relocation packages, and the live arbitrage between regions in 2026.
Methodology
01
Live CRM data
Benchmarks are drawn from Bayes Group's active mandate and placement data — not survey responses or job-board scraping. Every data point is anchored to a real conversation or closed offer.
02
Senior-only roster
Mid-level and graduate compensation is widely surveyed elsewhere. The Bayes report covers the population that survey data systematically misses: senior PMs, heads of research, heads of trading, and their direct reports.
03
Strategy- and platform-aware
A multi-strategy pod PM and a standalone systematic fund PM running comparable books earn structurally different packages. The report disaggregates by strategy, platform tier, and seat economics.
04
Confidential by design
No firm or candidate is identifiable. Bands and ranges only. The report is distributed under a confidentiality framework that allocators, GCs, and HR leads can read.
Ahead of the report
The Bayes Insights archive carries the running thread of compensation, sit-out, and mobility analysis that the Q4 report will synthesise. A few of the most relevant:
Notify me when the Q4 report releases
Distribution is by direct outreach to principals, allocators, and senior candidates we already work with. If you would like to be on the list, let us know.
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