Hedge fund managers face curbs on pay after they were caught in an EU-wide clampdown on bankers bonuses. Under a deal agreed with the European Parliament, bankers will be able to receive no more than 30 per cent of any bonus immediately and in cash - which is reduced to 20 percent for larger bonuses. The remainder must be delayed and linked to long-term performance, with 50 percent paid in shares.
Bankers are relatively relaxed about the new rules, because they don't go further than restrictions already agreed with the Financial Services Authority. And the new rules do not contain restrictions on the total size of bonus payments which will mean seven-figure payments will still likely be made... Full article: Source
