Is hedge fund pay getting out of hand? Marshall Wace co-founder Sir Paul Marshall thinks so. Yesterday, he complained that the cutthroat market for portfolio management talent means "everybody's getting paid the same as Cristiano Ronaldo." This is, for the most part, hyperbole: Ronaldo earns £177m ($217m) through his Al-Nassr contract; Marshall Wace pays a mere $713k per head on average according to its most recently available accounts. And yet, someone - or something - there was paid incredibly well in 2022. Those same accounts show that Marshall Wace LLP gave $400m of its 2022 profits to the "member with the largest entitlement."