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Cohen firm to stop special bonus incentive

No Pot Of Gold

Steven A. Cohen’s firm will stop collecting employees’ best trading ideas for a central investment pool and rewarding them with a special bonus, a practice that the U.S. government said created wrong incentives at his former hedge fund SAC Capital Advisors.

HSBC sees high-level shakeup amid revenue fall

HSBC Canary Wharf

HSBC, one of the largest hedge fund investors in the world, has recently lost four senior people in the private banking unit that is responsible for picking the best money managers for their wealthy clients.

Mixed bonus news

Piggy Bank

A few corners of Wall Street are expecting big bonuses, but for most of the industry it is likely to be a disappointing year.

Big hedge fund pay increases

Hedge Fund

Bloomberg News reports that money managers at hedge-fund firms that oversee more than $4 billion earned about $2.4 million this year, an increase of almost 8 percent, according to an industry survey.

Citadel founder's divorce battle over property gets uglier

Marriage

In the latest chapter of what is shaping up to be a particularly ugly billionaire divorce, Chicago hedge-fund manager Ken Griffin has challenged his estranged wife's claims on his private planes, real estate, and credit cards, arguing that the mother of his three children has $50 million in personal wealth herself and that he won't continue supporting Anne Dias Griffin in "whatever lifestyle she chooses."

'Perfect storm' benefits these hedge funders

Hedge Fund

Hedge funds that bet on broad macroeconomic trends have bled money all year waiting for their investment ideas to hit. Some of their biggest wagers-from rising interest rates to a stronger U.S. dollar to more volatile markets-finally paid off in September, helping reverse an otherwise miserable 2014.

New London hedge fund startups grow

London

Former managers at Millennium Management LLC, Ziff Brothers Investments LLC, Carlyle Group LP and TPG-Axon Capital Management LP are starting hedge funds, leading a recovery in capital raising in London.

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HSBC Canary Wharf

HSBC sees high-level shakeup amid revenue fall

HSBC, one of the largest hedge fund investors in the world, has recently lost four senior people in the private banking unit that is responsible for picking the best money managers for their wealthy clients.