Hedge, Private Equity Managers Must Wait on Bonuses: ESMA
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Senior hedge-fund and private-equity managers may face long waits for bonus payouts in a push by the European Union to impose bank-style pay rules on the industry.
Bonuses for risk-taking employees should be withheld for a period of time to align managers’ interests with the long-term performance of the fund, the European Securities and Markets Authority said today.