More Down Low on Bonus Timing
by StockJockey
Friday, December 16, 2005 - 7:37 am
We got a few tips from a little birdie last night who’s got an inside track on what’s happening in bonus land. Here are some take-aways:
Citigroup prop is paying out end of January; not sure when they actually tell people but a few PMs already have a pretty good idea of what they’re getting. Credit Suisse is paying February 15th, giving guidance to most groups by end of January. Nomuradoesn’t pay until April because of the Japanese fiscal year but even mid-level guys there have a formula so there isn’t much guesswork. Sagamore Hill (a down-on-its-luck multi-strat hedge fund) is giving numbers right now and paying out by January 1. KBC, the $7 billion multi-strat fund, is moving their whole prop operation to London, most of the guys have 2005 packages already. Babson, the asset management arm of Mass Mutual, gives numbers in late February and pays out in March.
There you have it folks. If want to share, we’re all ears at .
Comments:
Wonder what sort of ‘performance-linked’ comp the KBC chaps will be seeing…
Posted by on 12/31/1969 at 03:00 PM
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