Friday, 31 October 2014
Last updated 9 hours ago
Dec 9 2010 | 1:56am ET
Partners at Marshall Wace Asset Management earned just a fraction of the 2008 bonuses in 2009, the hedge fund disclosed in a regulatory filing.
The firm's members split just £45.5 million in the year ended February. Over the prior 18 month period—which included the year of 2008—the members split £261.4 million.
Last year's payout amounts to just over quarter of the previous bonus, pro-rated for a year.
Marshall Wace's filing did not say who at the firm earned what, indicating only that the best-paid member took home £34.3 million.
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…
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