Tuesday, 21 October 2014
Last updated 6 hours ago
Feb 25 2013 | 2:10pm ET
The two men atop Kohlberg Kravis Roberts each earned more than $135 million last year, beneficiaries of a rash of deals and dividends.
Henry Kravis and George Roberts were each paid more than $35 million in compensation, up about 17% from 2011. In addition, KKR's record dividend last year put another $106 million in Roberts' picket and $102 in Kravis'.
The big uptick in compensation is due primarily to the two mens' share of deal profits; each was paid a base salary of $300,000, unchanged for three years.
Kravis and Roberts weren't the only two KKR employees to enjoy an increase in compensation. Todd Fisher, the firm's chief accounting officer, was paid $15.2 million in 2012, and CFO William Janetschek $4.6 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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...