Gosling's Grouse: What is a fund manager's worth?

clock • 2 min read

I came across a footballer recently who earns £9k a week playing in the fourth-tier of English football, where clubs see crowds of thousands, not tens of thousands.

Is he worth the money? Not on the performance I saw - but he has got the money and the club he plays for is happy to pay him. The discussion about pay looks to be rearing its head again, with the Pru said to be putting a cap on fund manager pay for new employees at its M&G subsidiary - the implication being the highest paid managers work in our part of the industry. The same was said recently about another insurer with a successful asset management business. I was told by someone senior who knows however, that the recipient of the large bonus had nothing to do with the bond or equity ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Passive asset managers pick up steam in fund selector rankings

Passive asset managers pick up steam in fund selector rankings

Broadridge Fund Brand 50 Report

clock 26 March 2024 • 2 min read
Robeco expands emerging markets equity range with ex-China strategy

Robeco expands emerging markets equity range with ex-China strategy

More ‘balanced’ exposure to EM

Valeria Martinez
clock 26 March 2024 • 2 min read
Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Adobe, Amazon, Estee Lauder and PayPal

clock 25 March 2024 • 1 min read
Trustpilot