Friday, 22 May 2015
Last updated 7 hours ago
Dec 19 2011 | 1:11pm ET
Hedgies who want a bigger pay boost should look to Hong Kong, a new survey shows.
The average basic salary for hedge fund staffers and bankers in Hong Kong is up 15% this year, the Astbury Marsden poll shows. The average Hong Kong financial-services pro earned HK$890,000 (US$114,000) this year.
Even better were those who switched jobs. Managing directors jumping from one firm to another in Hong Kong saw their average pay jump 25% to HK$2.5 million, the survey shows, while analysts who switched jobs enjoyed a 20% average pay hike to HK$400,000.
Those who didn't switch jobs and didn't get a promotion will have to settle for a 9.5% increase.
By way of contrast to Hong Kong's 15% pay jump, hedgies and bankers in London have received only a 12% raise, Astbury Marsden said.
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…