Posts from Sunday Jul 8 2012

FTfm on AV

Some highlights from Monday’s FTfm.

Brussels targets big bonuses
Existing pay policies create incentives for fund managers to take excessive risks and must be revamped to protect investors, according to the European Commission. It says bonuses should be “considerably contracted” if a fund or fund manager underperforms, via both reductions in current pay and also through clawbacks of previous payouts. Read more