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Pension funds, proxy-voting firms split on 21st Century Fox executive compensation
trueCanada Pension Plan Investment Board and Ontario Teachers’ Pension Plan are lining up on different sides on whether to approve the executive compensation packages of the top executives of Twenty-First Century Fox Corp.
Johnson Associates: Money manager bonuses expected to be 5% lower
trueMoney management professionals can expect to see a 5% decline in bonus payouts from last year, said projections from compensation consultant Johnson Associates.
Private equity firms plan 2016 pay raises, Preqin finds
trueSome 74% of private equity fund managers raised base salaries firmwide an average of 7% between 2014 and 2015, said a Preqin survey of nearly 200 private equity firms released Thursday.
NYC Retirement Systems discloses $709 million in manager fees last fiscal year
trueNew York City Retirement Systems paid $708.9 million in fees to investment managers for the fiscal year ended June 30, reflecting what pension fund officials say is the most detailed look at expenses.
Lower-level hedge fund employees expected to see largest compensation boost — report
trueMid- and low-level employees at hedge fund companies likely will see larger increases in their total 2015 compensation than the senior portfolio managers, traders and management executives above them in the corporate structure.
100 largest CEO retirement accounts equal 41% of American families' retirement savings — report
trueThe 100 largest CEO retirement accounts, worth a combined $4.9 billion, equal the total retirement account savings of 41% of American families, said a new report from the Center for Effective Government and the Institute for Policy Studies.
Gross sues PIMCO, calls out executives for appetite for riskier, higher-fee strategies
trueWilliam H. Gross filed a lawsuit against PIMCO and parent company Allianz SE, alleging he was wrongfully driven out as the firm's chief investment officer by executives seeking financial gain.
Pay way up, stock way down
trueIt shows that corporate governance efforts to tie senior executive pay to performance are still failing and that boards of directors are failing in their responsibilities.
NYC Retirement Systems gives significant pay raises to leaders
trueNew York City Retirement Systems raised the pay of Chief Investment Officer Scott Evans 56% to $350,000 as part of an effort to increase salaries of top executives in the $163.4 billion pension system.
Los Angeles County Employees wants consultant to study fees paid to private equity managers
trueLos Angeles County Employees Retirement Association is searching for a consultant to retroactively recalculate and verify that private equity fees and expenses on a subset of active private equity funds were charged in accordance to the limited partnership agreements.
CEO pay at S&P 500 companies rises 10.6% in 2014
trueThe median total compensation of CEOs of Standard & Poor's 500 companies reached $11.29 million in 2014, a 10.6% rise driven mostly by increases in CEO defined benefit retirement values.
Towers Watson: Director compensation modestly increases in 2014
trueMedian director total compensation rose to an even $250,000 in 2014, a 4% increase from the previous year, said a Towers Watson report released Thursday that analyzed 470 publicly traded companies on the Fortune 500 list.
Pension funds must pay up
trueRecent moves by the Florida State Board of Administration and the New York City Retirement Systems to adopt new compensation plans to raise the pay of investment professionals on staff recognize the constant challenge public pension funds have in competing with the private sector to attract and ...
SEC approves CEO pay ratio rule
truePublic companies must disclose the ratio of CEO pay to median employee pay under a rule adopted Wednesday by the Securities and Exchange Commission.
Public pension plans make strides in staff pay
trueTwo large public pension plans recently adopted new compensation plans executives hope will enable them to recruit and retain key investment professionals.