Compared to mutual fund managers, assuming they can take a quick break from their work, hedge fund partners are planning to spend some money to enjoy the good life. A boom in the stock market over recent months has allowed many hedge fund partners to get higher paychecks, and many of these partners anticipate for their fund to continue its strong performance for the rest of the year. It's no surprise for a hedge fund manager to take an exotic vacation or buy expensive jewelry, but it seems the limit to spending on these vacations and gifts has increased dramatically.

A boom in the markets has translated into fatter paychecks for hedge fund managers, and it seems many in the business are already anticipating that their funds' strong performance so far this year will morph into a big incentive payoff come winter. The standard 20% carry fee applies to any profits made in the given year.

And there is a big difference between what super-rich hedge fund execs will pay compared with the merely rich. Partners with more than $20 million in net worth have budgeted $183,000 on jewelry and watches, whereas those with less than $20 million plan to spend only $52,000. Exotic vacations have appeal as well. Hedge fund execs questioned for the survey said they plan to spend an average of $96,000 on "experiential" vacations, which are not your typical week-in-Disney World jaunts.

The lowest-budget item for summer spending is charitable giving, with just $25,000 allocated on average. There are no worries though since more charitable giving comes at the end of the year.

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