Saturday, 27 December 2014
Last updated 2 days ago
Feb 8 2007 | 4:32pm ET
Ivy Asset Management is denying a published report that it will not pay employees a bonus this year.
“The story that they are not paying out bonuses is false,” said Monica Everett, a spokeswoman for the Bank of New York-owned fund of hedge funds group, which is based in Jericho, N.Y.
“Ivy is indeed paying out bonuses across the board to all its employees as planned,” Sean Pattison, another spokesman, added. “They come through in February and March for Ivy."
Earlier this week, HFMWeek wrote that the firm would withhold year-end bonuses after a difficult year marked by big losses in the Amaranth Advisors collapse, upwards of $1 billion in redemptions and a slew of management changes.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.