Insider: A hedge fund revolution? A prominent hedge fund manager is causing ripples within the industry for using a pay structure based on the idea of delayed gratification.

Among the certain unalienable rights of finance in 2006 is that of successful hedge fund managers to make a lot of money.

That right is embedded in the compensation structure of the funds: Most managers receive 2 percent of the assets they manage as a management fee and take home 20 percent of the profits as incentive pay.

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