Levels of pay in the global hedge fund industry have risen this year as performance improved and assets climbed, but it has yet to reach the peak levels of 2007, according to a new report.

According to the Glocap 2013 Hedge Fund Compensation Report, hedge fund pay has increased 15% compared to what it was in 2011. The annual report is a joint effort between executive search firm Glocap and data provider Hedge Fund Research.