Post Profile






Steve Cohen Boosts Bonuses For Top Traders, But...

Despite the seventh consecutive month of gains for the broad hedge fund universe, calls for increased compensation have largely fallen on deaf ears as growth in AUM slows to the weakest since the financial crisis. However, as WSJ reports, Point72's Steven Cohen is boosting the bonuses for top traders at his 'family' fund. There's just one catch - they have to beat the market! While this seems like a fair demand, this could be a big problem, as BofA notes, active managers are now more exposed to beta than they have been since 2008.
read more

share

Related Posts


The Fabulous Life Of Steve Cohen— The Hedge Fund Manager At The Center Of The Storm

Business & Finance : Business Insider: Clusterstock

Billionaire Steve A. Cohen, who runs the super-secretive hedge fund SAC Capital Advisors, is known on Wall Street for being one of the most successful traders. He began his Stamford-headquartered hedge fund in 1992 with only $25 mil...

The Fabulous Life And Career Of Hedge Fund Legend Steve Cohen

Business & Finance : Business Insider: Clusterstock

Billionaire hedge fund manager Steven A. Cohen, who runs the super-secretive hedge fund SAC Capital Advisors, has a reputation on the Street for being one of the most successful traders. Cohen launched his Stamford-headquartered hed...

Hedge funds are delivering financial crisis performance—but there is no financial crisis

Business & Finance : Business Insider: Money Game

Hedge funds as a group have posted dismal returns so far this year. According to hedge fund research firm Preqin, September marked the fourth consecutive month of negative returns, making this the longest negative period since June ...

Hedge Fund Elliott Management Sticks With Samsung Despite Galaxy Note 7 Failure

Business & Finance : Forbes: Business

Activist hedge fund Elliott Management is sticking with its plans to shakeup Samsung Electronics despite the company's decision to kill its Galaxy Note 7 phone.

A hedge fund reportedly fired a trader because he was IMing another trader at Steve Cohen's firm

Business & Finance : Business Insider: Money Game

Last month, energy trader Nick O'Grady sued his former employer, hedge fund giant BlueCrest Capital Management, over an unpaid $1.28 million bonus. In the complaint, he said he was fired "without cause" on June 4, 2014, after six mo...

Comments


Copyright © 2016 Regator, LLC