Friday, 9 October 2015
Last updated 10 hours ago
Mar 25 2014 | 3:03pm ET
The Man Group was the second-most generous British fund manager last year, according to a new report.
The Financial Times said that Man paid staff an average of £232,000 last year, behind Allianz Asset Management, which paid out an average of £436,000 in 2013. Henderson Global Investors was third, at £215,000.
All three topped the average banker take-home, which was £212,000 last year, according to PricewaterhouseCoopers.
Jupiter Asset Management, GAM, BlackRock, Schroders and Aberdeen Asset Management each fell just below £200,000 in average compensation.
“Overall, the picture is pretty rosy for everyone,” PwC’s Tim Wright said. “The days of salary freezes are gone and salary increases are commonplace for most people across all levels in the industry.”
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…