“For the top five to 10 largest money management firms, 2021 has been a really good year and it’s unlikely that there will be a lot of changes among senior executives aside from normal retirements going forward,” said Alan Johnson, managing director at New York-based compensation specialist Johnson Associates Inc.

The firm’s estimate for 2021 incentive compensation for traditional and hedge fund money managers is an increase between 10% and 15%, while private equity incentive funding for megadeals likely will range from 15% and 20%, based on second-quarter earnings results of 10 managers.

Pensions & Investments / November 1, 2021