Thursday, 31 July 2014
Last updated 2 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…