Tuesday, 1 December 2015
Last updated 16 hours ago
Aug 10 2010 | 11:32am ET
If and when the Man Group’s deal to acquire GLG Partners is accused, the hedge fund giant’s CEO will be taking a back seat to GLG’s leaders when it comes to salary.
Noam Gottesman, Emmanuel Roman and Pierre Lagrange are each guaranteed base salaries of US$1 million, documents released by Man show. Peter Clarke, Man’s CEO, earns just US$925,000 a year in base salary. Jon Aisbitt, the firm’s chairman, takes home a paltry US$450,000.
Of course, base salaries are only a small part of the total compensation earned by any of the five men; Clarke took home a total of US$2.7 million last year. The GLG trio took home much more.
Man shareholders are set to vote on the proposed acquisition next month, with GLG shareholders to vote shortly thereafter.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…