Investor exodus forcing hedge fund managers to take big pay cuts
Plus: The dollar spikes as the ECB stays loose, big companies supporting small companies, and health insurance companies turn a blind eye to climate change
- The hits just keep on coming to the hedge fund space as managers are now expecting a 34% pay cut. Squeaking by on just $300,000.
- Yikes. Hints of new European monetary stimulus has pushed the greenback to a seven-month high. Leaving un ultra-loose monetary policy unchanged.
- When JP Morgan Chase committed $75 million to help small businesses, the natural question was, what’s in it for JP Morgan? Why do big companies help small companies?
- Are health insurance companies even factoring in risks related to global warming? Living in denial.
Learn more about reprints and licensing for this article.