Money manager compensation
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New York state comptroller: Wall Street bonus pool jumped by 3% in 2014
trueWall Street's bonus pool rose 3% to $28.5 billion in 2014, according to estimates by New York state Comptroller Thomas DiNapoli.
PIMCO paid Gross $290 million bonus in 2013 after trailing peers
truePacific Investment Management Co. paid former Chief Investment Officer William H. Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of its peers, showed documents provided to Bloomberg by someone with knowledge of PIMCO's bonus policies.
Hedge fund portfolio managers' compensation expected to rise 8% — report
truePortfolio managers at hedge fund companies managing more than $4 billion can expect an 8% rise in total 2014 compensation — base salary plus performance bonus — compared to 2013, estimated Glocap Search, a money management recruiter.
Money management incentive compensation expected to rise — report
trueWith market appreciation and positive inflows boosting assets under management for traditional money managers and hedge funds thus far in 2014, industrywide incentive compensation is expected to rise, said a new report by Greenwich Associates and Johnson Associates.
U.K. money management staff increases 3.4% in 2013 — report
trueThe number of staffers employed by U.K.-headquartered money management firms increased 3.4% to 31,800 employees for the year ended Dec. 31, said the Investment Management Association.
J.P. Morgan Chase shareholders approve executive pay by 78% vote
trueJ.P. Morgan Chase & Co. shareholders Tuesday approved the compensation of James “Jamie” Dimon, chairman and CEO, and four other senior executives at the company by a vote of 77.9%, according to preliminary results announced at its annual meeting.
Pension funds oppose J.P. Morgan pay package
trueThree pension funds will oppose the compensation package for James Dimon, chairman and CEO, and four other senior executives at J.P. Morgan Chase & Co.
Shareholders approve Goldman Sachs pay package, re-elect all directors
trueGoldman Sachs Group Inc. shareholders Friday voted 83% to ratify the pay package of Lloyd C. Blankfein, chairman and CEO, and four other top executives, according to a statement from the company after its annual meeting.
Johnson Associates: Manager bonuses expected to rise 5% to 10%
trueMoney management professionals can expect to see a jump of 5% to 10% over last year's bonus payouts, according to projections from compensation consultant Johnson Associates.
Schroders shareholders OK executive compensation despite pension fund opposition
trueSchroders PLC shareholders approved executive remuneration at its annual general meeting Thursday, despite opposition by major U.S. and Canadian pension funds.
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.
Hedge fund pay up 16%, but trails private equity, venture capital – 2 reports
trueHedge fund employees expect their total average annual compensation in 2013 to be $330,000, up 16% from the prior year, according to the results of a survey of hedge fund managers conducted in October and November by Benchmark Compensation.
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.
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.
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.