Way of Life
Saturday, May 9, 2015
lousy performance, astronomical pay
The balance between pay and performance in Wall Street is totally out of kilter. In 2014, the S&P 500 index gained 13.6% while average gain of hedge funds was only 3%, 6th straight year below broad stock bench index. However, the top 5 earners in hedge funds still had astronomical incomes, ranging from $900M to $1300M in 2014.
http://www.nytimes.com/2015/05/05/business/dealbook/top-25-hedge-fund-managers-took-bad-14-all-the-way-to-the-bank.html?smid=pl-share&_r=0
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