Sunday, 21 September 2014
Last updated 1 day ago
Mar 14 2014 | 10:54am ET
Man Group has rewarded CEO Emmanuel Roman for its turnaround.
Roman received a US$2.3 million bonus on top of his US$1 million salary last year. In 2012, the former GLG Partners executive received no bonus.
Last year was Roman’s first at Man’s helm. He moved to aggressively cut costs and restructure the firm’s management, achieving Man’s first increase in earnings and share price in four years. He could have received an even larger bonus, but Man fell short of its revenue and earnings targets.
Man CFO Jonathan Sorrell also got a raise, thanks to a US$1.9 million bonus. Sorrell’s total compensation of US$2.6 million was 42% higher than in 2012.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.