Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Bonus Pools are Likely Down by as Much as 35 Percent Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 19, 2009

Bonus Pools are Likely Down by as Much as 35 Percent

by: Armie Margaret Lee

The Monday edition of the Wall Street Journal carried bad, though not unexpected, news for fundsters. Journal reporter Aaron Lucchetti picked up on a report by executive recruiting firm Russell Reynolds that estimate a bonus pool shrinkage of as much as 35 percent at fund firms.

"Asset managers are suffering another down year" because they are "feeling the full brunt of the downturn that started last year," Russell Reynolds managing director Debra Brown was quoted in the article as saying.

Brown also pointed to an unnamed fund firm that recently conducted an "internal roadshow" to dial down expectations on pay.

Russell Reynolds estimates that 2009 pay at some fund firms is likely to be flat to down by a few percentage points. As for firms that have struggled more than the others, employees are likely to see pay cuts of 20 to 35 percent. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use