Man Group Hikes Roman's Bonus 43% as Turnaround Takes Off

Mar 13 2015 | 5:41pm ET

Turning around one of the world’s largest publicly traded hedge fund can have its benefits.

Man Group has boosted CEO Emmanuel Roman’s bonus by a 43% to $2.5 million, while his total compensation last year rose 49%, to $5.1 million. The bump comes as the company’s stock has doubled since Roman’s appointment as chief executive in early 2013, according to reports.

Roman’s base salary will remain unchanged at $1 million, the London-based money manager’s compensation committee said in its annual report. Shareholders will vote on the pay package at the company’s annual meeting in May.

Roman has presided over a successful restructuring at Man. Assets under management have risen 35% to nearly $73 billion as of the end of 2014, while the stock has soared. He has also pushed through a series of acquisitions, including the purchase of Pine Grove Asset Management and Numeric Holdings.

 


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