Thursday, 23 October 2014
Last updated 13 min ago
Jan 7 2010 | 2:07am ET
Last year, following one of their firm’s worst-ever years, the heads of GLG Partners took a voluntary pay cut. But things have turned around, and Noam Gottseman, Emmanuel Roman and Pierre Lagrange will all be paid in full this year.
The trio took the pay cut in April. This year, they’ll each get $1 million in salary, with bonuses to come, the Financial Times reports.
Meanwhile, the New York-based Gottesman has moved to keep his million away from British tax authorities and their new 50% top income tax rate. Gottesman, who received half of his US$800,000 last year in London and half in New York, will this year get all but US$200,000 paid out of New York.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...