Reports

Assessing Current and New Methodologies on Valuation; Enhanced Details Documents include White Paper and Carried Interest Valuation Illustration February 2025

Compensation Trends and Projections November 2024 Projections: Traditional asset management boosted by market appreciation and active ETF inflows. Hedge funds rise on inflows and strong performance. Investment banking higher led by equities trading and debt underwriting. Small to mid-sized illiquid alternatives flat to up modestly while largest funds up more despite fundraising challenges. Geopolitical issues…

Compensation Trends and Projections August 2024 Projections: Traditional asset management boosted by market appreciation and stabilizing flows. Hedge fund incentives rise on inflows and strong performance. Investment banking higher as capital markets activity rebounds from multi-year lows. Illiquid alternatives flat to up modestly despite challenging fundraising. Headcount down 2% – 4% from 2023 across financial…

Compensation Disclosures – Key Takeaways June 18, 2024 Johnson Associates analyzed proxy disclosures across financial services firms to understand how pay trends have evolved for year-end 2023. Key takeaways and trends enclosed.

Compensation Trends and Projections May 2024 Projections: Traditional asset management boosted by market appreciation and stabilizing flows. Hedge fund incentives rise on inflows and strong performance. Investment banking higher as capital markets activity rebounds from multi-year lows. Illiquid alternatives flat to up modestly despite challenging fundraising. Headcount down 2% – 4% from 2023 across financial…

Assessing Current and New Methodologies on Valuation February 2024   Alternative investment firms, including private equity, have often used simple methodologies for describing carried interest values with the shorthand of carry dollars-at-work. While this approach often works well for like-for-like funds, as firms expand into other investment strategies with differing timelines and return expectations, it…

Compensation Trends and Projections November 2023   Equity markets have fallen sharply from 2023 peak but remain positive. Year-end incentives somewhat delinked from stock market performance across asset management, hedge funds, private equity, and banks. Business challenges and costs in focus heading into uncertain 2024.

Compensation Trends and Projections August 2023 Johnson Associates projections at Q2 2023. Incentives at traditional asset management projected flat despite surging markets as investors shift to lower fee products. Private equity, hedge funds, and major investment and commercial banks flat to up moderately. Underwriting, advisory, and equities trading fall.

Compensation Trends and Projections May 2023 Johnson Associates projections at Q1 2023. Confluence of interest rates, economic uncertainty, bank collapses, and uneven performance across sectors makes 2023 uneven and complicated year in financial services.