Sunday, 28 December 2014
Last updated 1 hour ago
Aug 15 2011 | 12:54pm ET
Bonuses are expected to tumble precipitously on Wall Street this year—but not for the alternative investments industry or the bankers who serve them.
Compensation consultant Johnson Associates predicted that hedge fund and private equity employees can expect as much as 5% more in their year-end bonus check than last year. Prime brokerage employees can expect the same.
By contrast, fixed-income traders may get as much as 30% less, a stark reversal from Johnson's May prediction, which foresaw increases of between 10% and 15%. Equity traders will face cuts of as much as 15%, the new forecast says.
Johnson blamed the "lack of economic recovery" and "ongoing uncertainty in world markets."
Hedge fund and private equity firm employees, however, won't be alone in having more money to spend this holiday season: Their fellow money-managers will, as well. Bond fund managers may get as much as 10% more while stock managers can expect up to 5% more. On the investment-banking side, mergers and acquisition specialists and underwriters may get 5% to 10% more this year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.