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Wall Street bonuses for 2020 could fall by as much as 25%-30% due to the deep cuts to revenues recorded by banks and hedge funds earlier this year as a result of the novel coronavirus, according to a report published Wednesday by compensation consulting firm Johnson Associates Inc. While most compensation is expected to be…

Money management professionals can expect to see a 20% to 25% decrease in year-end bonus payouts from last year, said projections from compensation consultant Johnson Associates. Johnson Associates’ quarterly analysis projects broad and substantial decreases in incentive compensation across financial services. Incentive compensation for asset management is expected to be down broadly, with the coronavirus…

The rest of this year is likely to bring “a greater dispersion” than ever before in pay and performance for hedge fund professionals, says Alan Johnson, managing director at compensation consultancy Johnson Associates. Many clients are already modeling lower pay levels, he adds. “The average hedge fund pay incentives will be down 15% to 20%,”…

Private equity industry pay could drop by 15% this year, says Alan Johnson, a compensation consultant and founder of Johnson Associates. The most dramatic shift will be in carried interest, which has “evaporated” in the wake of the economic downturn, he added. Johnson says there is a silver lining in that private equity owners and…

Across the industry, asset management professionals’ bonuses fell 3% in 2019, compared with 2018, according to compensation consulting firm Johnson Associates. It projects that asset management professionals will end 2020 with even more severe decreases in bonus packages at the end of this year. The Wall Street Journal / April 9, 2020 READ ARTICLE

But layoffs, “from moderate to severe,” will eventually occur at money management firms as a result of the market downturn and the “severe recession” that is expected to follow the pandemic, said Alan Johnson, managing director of New York-based compensation consultant Johnson Associates Inc. Despite this, he has advised money management clients to not panic…

“The virus is heading us toward a nasty recession,” said Alan Johnson, managing director of Johnson Associates in New York. His firm predicted banks, brokers and asset managers would slash bonuses this year, following a mixed performance in 2019, when private-equity firms held bonuses level or raised them as much as 5% over 2018. The…

Wall Street bonuses will fall roughly 30% this year, with even the most productive employees facing a pinch, as big banks and investment managers try to preserve profits during the coronavirus recession, a leading compensation expert said on Wednesday. The predictions by Alan Johnson are closely watched by financial professionals, especially during times of stress.…

A “perfect storm” is taking shape, with a global recession looming and broader industry shake-ups coming as well, the managing director of Johnson Associates Inc. said. “It looks like it’s going to be a very, very tough compensation year,” he said in an interview Wednesday. “This is a shock to the system that you see…

“We’re not having a flush year” as an industry, said Alan Johnson, managing director of Johnson Associates… When it comes to real estate, Johnson noted the 2017 federal tax overhaul’s impact. He said the capping of state and local tax deductions has made living and working in New York City more expensive for many companies…