Money manager compensation

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.

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 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.

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.

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.

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.

Investment professionals' bonuses this year will be relatively flat, according to seperate reports from CTPartners and 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 ...

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’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

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.