Wednesday, 1 October 2014
Last updated 14 hours ago
Jul 1 2010 | 2:03pm ET
Hedge fund managers may have dodged the European Union’s controversial proposed alternative investment rules for the time being, but they won’t dodge the tough bonus restrictions included in that directive.
EU fund managers will be subject to new compensation and bonus rules expected to be approved by the European Parliament next week, as most firms—those owned by insurance companies are notably excepted—will be considered credit institutions under the bank pay rules.
Under the proposal, no more than half a hedge fund manager’s total compensation can be paid out as a bonus. What’s more, only 30% of bonuses can come in the form of cash, and at least 40% must be deferred for a period of years.
How, exactly, hedge funds are to meet the second requirement is unclear. Banks will be forced to pay out the bulk of their bonuses in stock, but most hedge fund managers are not publicly-listed.
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...