Trump’s Visa Ban May Shake Up Fund Shops’ Hiring

Most employees who receive H-1B visas are hired to fill roles at asset managers that require technology skills, says Alan Johnson, managing director at Johnson Associates. BlackRock and Fidelity were each recruiting for tech jobs last year. Large firms with sophisticated recruitment teams are generally more likely to use the visa program, Johnson adds. “The…

Wall Street Bonus Forecast Not as Dire as in May

The latest survey by compensation consultant Johnson Associates predicts that financial services pay will be slashed by 15 percent to 20 percent in 2020 — a vast improvement from the 30 percent cuts the same survey predicted in mid-May. “We’ve dug halfway out of the hole,” the report’s author, Alan Johnson, told The Post. “But…

CEO Pay Hikes Not Likely to Hold Up in 2020

Alan Johnson, managing director of New York-based compensation consultant Johnson Associates Inc., said increased CEO pay [for 2019] was “pretty rational” given the performance of firms last year. Year-end pay for 2020, however, is “likely to be down significantly,” with senior executives apt to see pay decreases “at least as bad as everybody else,” Mr.…

Manager Bonuses Expected to Fall 20% to 25% Amid Pandemic

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…

Hedge Fund Bonuses Could Slide 15% to 20%: Comp Consultant

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%,”…