Compensation
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Johnson Associates: Incentive compensation for money managers expected to rise 10% to 15%
Incentive compensation in the money management industry is expected to increase 10% to 15% in 2013, sparked by gains in assets under management and positive net flows.
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22 MassPRIM staffers get raisesTwenty-two staff members at the Massachusetts Pension Reserves Investment Management Board, Boston, were given raises, according to a letter to the board.
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UBS O'Connor faces defections after traders held to firmwide bonus limits
UBS O'Connor, the $6 billion hedge fund unit within the biggest Swiss bank, risks upheaval as senior traders seek to defect after a clampdown on cash bonuses, two people with direct knowledge of the situation said.
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Standard Life backs binding say-on-pay vote in U.K.
Standard Life Investments moved to support making shareholder advisory voting on executive compensation binding instead of advisory at companies in the United Kingdom, reversing its previous position, according to a report Wednesday from the money management unit of Standard Life PLC.
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CalSTRS to oppose Disney pay, CEO's re-election to boardCalSTRS will vote its almost 5.3 million shares against Walt Disney Co.’s executive compensation and the re-election of Robert A. Iger, chairman and CEO, to the board.
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Private equity investors gain from performance-linked pay, Coller report finds
Private equity investors who link pay of their own executives to performance have better performance than their peers, according to private equity manager Coller Capital's latest Global Private Equity Barometer.
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New pay structure created by MassPRIM hoped to help staff retentionMassachusetts Pension Reserves Investment Management Board approved a new compensation structure geared toward helping recruit and retain investment professionals.
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'Soft' increase seen for base money manager salaries in 2012Base salaries for money management professionals are projected to increase 3.5% in 2012 with incentive pay projected to rise up to 10%, according to a new study from Greenwich Associates and Johnson Associates.
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Towers Watson: 45% of companies changing executive compensation
Nearly half of companies surveyed by Towers Watson are making changes to their executive compensation programs in 2012.
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CII gets specific on its executive clawback recommendations
The Council of Institutional Investors on Friday approved a new policy specifying that current and former executive officers should be subject to corporate clawback provisions on bonuses, incentive pay and compensation in cases of corporate fraud or misstatement of financial results.
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CalPERS cuts bonuses to retirement system's investment pros
CalPERS reduced its bonuses to 55 investment professionals last fiscal year to a total of $3.6 million, from $4.1 million 12 months earlier, according to data provided by the $239.3 billion pension fund.
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Legg Mason takes $4 million charge on Fetting departureLegg Mason Inc. expects to incur roughly $4 million in charges for the current quarter as a result of the separation agreement the company reached with Mark R. Fetting, its CEO, president and chairman, according to a filing with the SEC.
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Public pension fund governance: alignment of responsibility with authorityAn important area of public pension fund governance that has not received sufficient attention is alignment of governance responsibility with corresponding authority.
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Massachusetts PRIM's decision made tougherA legislative loophole may be adding to the pressure facing the Massachusetts Pension Reserves Investment Management Board to craft a compensation plan better able to attract and retain key investment professionals overseeing the state's $50 billion pension fund.
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U.K. shareholders might get more say on executive pay
Public companies in the U.K. would have to give shareholders binding votes on executive-pay structures every three years under a bill before Parliament.
