Feb
14

BTG Hedge Fund Said to Cut Bonus Pay Up to 80% Amid Redemptions

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Grupo BTG Pactual cut bonus payouts to some traders at its hedge fund unit by as much as 80 percent following a slump in assets under management, according to a person familiar with the matter.

Some of the bonus payment will be made in February, employees in Europe were told Friday, said the person, asking not to be identified because the matter is private. The scale of bonus cuts was based on the performance of individual traders, a spokesman for the Sao Paulo-based bank said, declining to comment further…

BTG Hedge Fund Said to Cut Bonus Pay Up to 80% Amid Redemptions

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