Tuesday, 30 September 2014
Last updated 3 hours 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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...