Hedge fund employees enjoy the fruits of their labor
On Friday's Breakfast with Benjamin, average compensation at hedge funds remains gaudy, even with performance down. Plus: Smart beta takes another step out of the shadows, the right way to clean up your portfolio, and the new Congress sets the tone by taking an early swipe at Obamacare.
- Hedge fund employees enjoy the fruits of their labor, even if that labor didn’t bear much fruit. Average compensation at $368k
- Pimco and JPMorgan add their seal of approval by jumping on the smart beta bandwagon. The fundamental-indexing category represents 20% of all new money moving into ETFs
- If cleaning up client portfolios is on your 2015 to-do list, make sure you know what to keep and what to discard. Morningstar’s Christine Benz breaks it down
- The new Congress takes an early swipe at Obamacare by updating the definition of full-time employment. President Obama stands firm with his veto pen in hand
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