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Martoma begins prison sentence for insider trading

Prison Bars

Mathew Martoma has started his nine-year prison term for insider trading at a “low security” federal prison in Miami at a time that most of the former hedge fund traders and analysts also convicted in the federal government’s long-running investigation have paid their debt to society.

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.

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