Senior hedge fund managers are taking home smaller paychecks in 2018. Median compensation - including base and bonus - for senior analysts is expected to decline by 12%, while median pay for portfolio managers is projected to fall 15%. Market volatility, particularly in October, hurt hedge funds this year. This year was a brutal one for hedge funds — and it's hitting portfolio managers' bonuses as a result. With hedge funds suffering from poor performance in 2018, investment managers are likely to to take home smaller paychecks, according to a new report.