Most Popular Stories
Events
Sponsored Links
Free Newsletter
FierceFinance is the financial services daily monitor, with news covering the banking industry, asset management, capital markets and SEC regulations. Sign up today!
Latest News
At banks, traders take losses for the team
We all have heard the stories of how some hedge funds hit grand slams by betting against subprime-related mortgages. The New York Post mentions John Paulson's $3 billion take. Wow! But the Post and Traders Monthly also mention that at top banks, a lot of traders also bet correctly but ended up with less in bonuses. The reason: Their banks struggled overall, and that forced some changes in the bonus structure. Normally, you keep a percentage of what you generate. However in these times, some traders, despite great performance, earned less. In essence, they took a bullet for the team.
For more:
- here's the Post article
Related Article:
Are our bonuses safe? Editor's Corner
Related Stories
- Hedge fund winners fare really well
- Citigroup lays new plans for pay
- Phantom write-ups on distressed assets
- John Paulson's bad month
- Heresy! Fund manager wants leverage limits
- In praise of John Paulson
- Can John Paulson do it two years in a row?
- Can hedge funds save the economy?
- John Paulson wins again?
- John Paulson still bucking hedge funds trend
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site MapTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe© 2009 FierceMarkets, Inc. All rights reserved. |
![]() |




Click here to get the FierceFinance email newsletter for FREE!
Be the first to comment