Quote:
Originally Posted by Unregistered
45% bonus in 2020? Isn’t this on the low side considering funds performance last year? May I know what’s your fund AUM?
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My organisation manages a few Trillion USD in total. Only a few manage at this magnitude so you'll easily guess which.
As for funds performance - I suppose you might not be in the fund management industry if not you'll know about hurdle rates and watermarks. The absolute return matters much less than the relative return to benchmark. The HYC FI fund i'm part of hit just a few bps above benchmark, net fees.
But if you're talking about the IB space where IPOs have had a stellar year, then i'd agree its on the low side.