Money management professionals can expect to see a 5% decline in bonus payouts from last year, said projections from compensation consultant Johnson Associates.
This compares with the projected 5% to 10% jump expected in 2014 from the year before. The actual 2014 increase was about 10%, according to a Johnson Associates report in May.
Alan Johnson, managing director of Johnson Associates, in a phone interview attributed the drop in executive bonus payout in the asset management industry to “choppy markets” and firms spending “a fair amount of money expanding globally.”
Incentive payouts for professionals in private equity are expected to rise 5% to 10%, while professionals in the hedge fund industry can expect a decrease of 5% to 15% from last year's bonus.
The projections are based on third-quarter trends in the financial services industry.
