News Flash- New Survey to Help Firms Pay PMs Their Just Worth
May 19, 2003
The Stanton Group and LOMA have teamed up to conduct a new survey that tracks compensation of portfolio managers according to fund performance and size. Results are expected to be published in September and are intended to help fund companies pay portfolio managers on a more consistent basis.
"This information has historically been the missing link and is essential in setting competitive pay levels in today's competitive environment," said Keith Hines, compensation manager at Federated Investors.
Without this information, fund companies can find themselves either overpaying their investment management staff or losing them because they are not offering competitive pay. Jobs analyzed in the study include portfolio managers, head of equities and head of investments.
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