Friday, 27 March 2015
Last updated 51 min ago
Apr 4 2008 | 2:00am ET
Certain members of GLG Partner’s management team may be closer to buying the yachts of their dreams, if they haven’t already done so.
According to Securities & Exchange Commission filings, the firm’s compensation committee last month established performance goals for Chief Operating Officer Simon White, CFO Jeffrey Rojek and Alejandro San Miguel, general counsel and corporate secretary.
The committee established a notional bonus pool amount of $9 million for 2008, which would be divided up in cash to the executive officers if certain performance goals were satisfied. However, no bonus will be paid to the executives if the firm’s net assets under management fall below a certain minimum performance target amount.
GLG said it believes that the target net AUM amount, which has not been determined, for 2008 is set at a level achievable if it meets its current business plan.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…