W3Schools

The Wall Street Journal: Steven Cohen to his traders: Beat the market, get a bigger bonus

Steven A. Cohen is boosting the bonuses he pays to the top traders managing his $11 billion family fortune, but only if they beat the market.

The move is in some ways a return to the free-spending ways of Cohen’s former hedge-fund firm, SAC Capital Advisors LP, which stopped managing outside investors’ money after the firm pleaded guilty to insider trading three years ago.

It also reflects pressure on the hedge-fund industry to deliver better returns than benchmark market indexes. Cohen’s firm, Point72 Asset Management LP, doesn’t manage external money, but the billionaire filed documents this spring to set up a new firm that can eventually seek outside funds.

>>> Original Source <<<

Comentários