9 articles found within the last year.
Displaying results 1 - 9
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UK hedge fund maintains pay limit as fund drops almost 20%
London hedge fund manager Polygon Investment Management is ... Polygon's partners' basic pay was to be limited ... The London firm's three directors are founders Paddy ... The flagship fund has lost about 19% this ... Polygon declined to comment. ... Hedge funds have long trumpeted the concept of...
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Managers face staff defections as bonuses look shaky
Mediocre performance this year has left only one ... About 90% of funds are below their previous ... -3.29% this year to July 31, as well ... Tom Brown, European head of KPMG’s investment management ... Brown said: “You would not build your business ... David Billings, partner at lawyers Akin Gump, said...
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Odey pockets $55m after 55% return
UK hedge fund manager Crispin Odey earned almost ... Odey was the highest paid member of Odey ... Odey personally manages Odey European Inc, or OEI, ... The performance of OEI helped Odey Asset Management ... OEI Mac, a feeder fund for OEI that ... Some funds at Odey have performed badly. Odey...
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Deutsche Bank mulls ‘multi-year’ bonus system
Deutsche Bank is considering whether it should reform ... Josef Ackermann, chief executive, said a “multi-year” bonus ... His comments came as at the bank’s annual ... Ackermann robustly defended Deutsche’s investment banking business and...
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Banks go from denial to reluctance on pay
It is one of the paradoxes of the ... After more than $200bn in writedowns, this could ... Nowhere was this more clearly expressed than in ... By contrast, there was no shareholder alarm at ... The calls for pay reform in banking – ... Mervyn King, Governor of the Bank of England,...
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Alchemy's Moulton slams bankers' pay
Jon Moulton, managing partner of UK buyout firm ... Moulton attacked the compensation packages paid to bankers ... He said banks which encourage riskier behaviour through ... Moulton said banks must move to a pay ... He said: “If you put people on 1,000% ... Angela Knight, chief executive of the British Bankers...
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GLG founder nets $130m
Pierre Lagrange, co-founder of UK-based hedge fund manager ... The proxy statement, filed this week with the ... Lagrange, whose initial forms the "L" of GLG, ... The statement said the most significant portion of ... The proxy statement said Noam Gottesman, co-founder and...
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Swiss central banker calls for pay reforms in sub-prime aftermath
Banks should reform their pay structure in the ... "For a financial centre like ours - which ... A rethink of corporate governance and strengthening of ... Roth said that "the banks that have been ... "In particular, they should examine the role of...
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Increased staff costs take toll on Fidelity’s profits
Profits at Fidelity Investment Management Limited, one of ... Staff numbers at the company rose from 2,595 ... Since the period covered by the accounts, markets ... Last year, the retail operation at Fidelity Investment ... Fidelity also said it had seen a reduction ... Fidelity is recovering from a period of underperformance...
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