Money manager 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.
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.
'Soft' increase seen for base money manager salaries in 2012
Base 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.
Legg Mason takes $4 million charge on Fetting departure
Legg 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.
‘Moderate' money management bonuses in 2012, consultant says
Bonus 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.
Janus Capital Group slashes CEO's compensation
Janus 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.
Bonus pool for financial workers in New York City falls 14%
Cash 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.
Blackstone CEO Schwarzman received $148.5 million in 2011
Stephen 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.
Russell Reynolds: Most manager bonus pools to stay flat or dip in 2011
About 70% of money managers expect their bonus pools to remain flat or decrease in 2011, according to a compensation survey conducted by Russell Reynolds Associates.
Tough second half sours 2011 bonus projections
Investment professionals' bonuses this year will be relatively flat, according to seperate reports from CTPartners and Johnson Associates.
Traditional managers' bonuses should stay same in 2011, says Johnson Associates
Traditional equity and fixed-income asset management professionals should see their year-end incentive payouts this year hold fairly steady from the year before, making them winners in a financial sector where others are facing ever-sharper declines, according to compensation consulting boutique ...
Tough second half sours 2011 bonus projections, says report
A volatile second half of this year has diminished the prospects for a large increase in investment professionals’ bonuses in 2011, according to a report by CTPartners.
Norway wealth fund caps external manager bonuses at $25 million
Norway’s Government Pension Fund Global, Oslo, set an upper limit of $25 million on annual bonuses it pays to external fund managers to promote a longer-term investment strategy after receiving criticism in past years over excess payments. The 3.1 trillion Norwegian kroner ($530 billion) fund
TCW-Gundlach trial a $35 million 'grudge match'
The only sure winners in the legal dispute between TCW and Jeffrey Gundlach are the lawyers, expert witnesses and public relations firms that have been involved in the costliest courtroom battle in the history of the money management industry.
Goldman Sachs wins dismissal of lawsuits over bonuses
Goldman Sachs Group won dismissal of suits over employee bonuses filed in New York by shareholders who called the awards a waste of assets, according to court documents filed Monday. The $5.8 million Security Police and Fire Professionals of America Retirement Fund, Roseville, Mich., was a