More on compensation today: private fund managers are gaining, while investment banking endeavors like underwriting and public equities are losing. So says a report from New York-based compensation consultants Johnson Associates which says PE bonuses are set to be up to 5 percent bigger than 2018.
Such high level data should be treated with care, one recruiter told PEI reporter Carmela Mendoza: “Private equity bonuses are hard to get useful data on and to say PE is getting a 5 percent increase is simply a generalization.” For a granular breakdown of private equity pay accross all strategies and fund sizes in the US, it’s worth checking out the Holt-MM&K-Buyouts report.
In terms of other data to treat with care: here’s a recap of the US Chamber of Commerce-backed study into the economic fallout from The Stop Wall Street Looting Act of 2019 from PEI‘s Isobel Markham.
Email prepared by Toby Mitchenall.