True, bonuses are expected to tumble precipitously on Wall Street this year—but not for the alternative investments industry or the bankers who serve them, according to finalternatives.
Compensation consultant Johnson Associates predicted that hedge fund and private equity employees can expect as much as 5% more in their year-end bonus check than last year. Prime brokerage employees can expect the same.
By contrast, fixed-income traders may get as much as 30% less, a stark reversal from Johnson's May prediction, which foresaw increases of between 10% and 15%. Equity traders will face cuts of as much as 15%, the new forecast says.
Johnson blamed the "lack of economic recovery" and "ongoing uncertainty in world markets…."
Find out more at http://www.finalternatives.com/node/17736
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