Money manager compensation

Watch breaking news videos and read news updates about Money Manager Compensation on pionline.com

  1. Wall Street bonus pool up 15% last year

    trueWall Street's bonus pool rose 15% to $26.7 billion in 2013, fueled by compensation deferred from prior years, according to estimates by New York state Comptroller Thomas DiNapoli.

    Articles

  1. Aberdeen Asset Management shareholders set aside pension fund opposition on pay

    trueAberdeen Asset Management shareholders on Thursday by overwhelming margins voted in support of the company's executive pay program and the election of all directors, despite some pension fund opposition.

    Articles

  2. Johnson Associates: Managers' bonuses expected to jump 10% to 15%

    trueMoney management professionals can expect to see a jump of 10% to 15% over last year's bonus payouts, according to projections from compensation consultant Johnson Associates.

    Articles

  3. DiNapoli: Washington 'dysfunction' to dent Wall Street profits in 2nd half of year

    trueWall Street produced $10.1 billion in profits for the first half of the year, but second-half profits could be suppressed due to “dysfunction” in Washington, higher interest rates and greater litigation costs.

    Articles

  4. Putnam sees growth, but profits proving more elusive

    truePutnam Investments LLC hasn't been contributing many profits to parent Power Financial Corp. since the money manager was acquired by the Canadian firm in 2007.

    Articles

  5. EU's draft money manager pay rules will backfire, lawmaker says

    trueEuropean Union proposals to limit fund manager bonuses are “crude” and would drive up fixed salaries if implemented, said Syed Kamall, a London-based member of the European Parliament.

    Articles

  6. Johnson Associates: Incentive compensation for money managers expected to rise 10% to 15%

    trueIncentive 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.

    Articles

  7. Private equity investors gain from performance-linked pay, Coller report finds

    truePrivate 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.

    Articles

  8. 'Soft' increase seen for base money manager salaries in 2012

    trueBase 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.

    Articles

  9. Legg Mason takes $4 million charge on Fetting departure

    trueLegg 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.

    Articles

  10. ‘Moderate' money management bonuses in 2012, consultant says

    trueBonus payouts by traditional and alternative money management firms look set to rise “moderately” in 2012, as market appreciation makes up somewhat for stagnant net flows, according to a report Wednesday by compensation consulting firm Johnson Associates.

    Articles

  11. Janus Capital Group slashes CEO's compensation

    trueJanus Capital Group Inc. cut the total pay of its CEO, Richard M. Weil, by 70% and capped his potential annual compensation at $10 million in response to a negative say-on-pay vote last year.

    Articles

  12. Bonus pool for financial workers in New York City falls 14%

    trueCash bonuses paid to New York City securities industry employees fell an estimated 14% last year to a combined $19.7 billion, New York state Comptroller Thomas P. DiNapoli said Wednesday.

    Articles

  13. Blackstone CEO Schwarzman received $148.5 million in 2011

    trueStephen Schwarzman, chairman and chief executive officer of Blackstone Group, received $148.5 million in pay and cash dividends in 2011, topping rivals at Carlyle Group and KKR & Co.

    Articles