Sunday, 29 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…