Tuesday, 2 September 2014
Last updated 3 days ago
May 20 2010 | 11:01am ET
A sizeable number of Gartmore Group shareholders expressed their outrage at the golden parachute guaranteed its CEO by voting against its pay report.
Jeffrey Meyer is guaranteed £5 million payout if he is terminated without cause, equivalent to twice his current annual salary and twice his target bonus, HedgeFund.net reports. That didn’t sit well with a fair number of Gartmore shareholders.
Some 17% of them either abstained or voted against the director’s pay report at the firm’s annual meeting, Gartmore said.
It is the latest sign of dissension at the firm, which took a public relations hit when it suspended star hedge fund manager Guillaume Rambourg in March for violating firm policy. Rambourg was reinstated last month, even though Gartmore found that he had improperly directed trades to favored brokers, but not before Rambourg’s partner and top Gartmore manager Roger Guy blasted the rules that led to Rambourg’s suspension.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...