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News May 16, 2005 Issue

CFA Institute Releases Compensation Survey

A compensation survey recently issued by the CFA Institute and Russell Reynolds Associates shows that compensation for U.S.-based investment professionals has risen by 17 percent since 2003.

Most in demand: chief administrative or operating officers. "Driven by increased regulatory pressures and an industry emphasis on compliance, the quality CAO/COO is on this year’s ‘most wanted’ list, particularly in the hedge fund community," said Debra Brown of Russell Reynolds Associates.