Money managers under the microscope
Hayes makes while the dollar shines
Man Group seems to be doing quite well out of currency movements.
Last week the group’s trading statement showed dollar weakness boosted assets under management by $2.1 bln over the half year to end-September.
The survey actually shows that Hayes’ pay actually fell in the year to March ’09 to $3.6 mln from $4.4 mln, as Man’s assets and profits have fallen.
However, the currency effect lifted him comfortably above Tesco FD Andrew Higginson, BHP Billiton’s Alex Vanselow and Imperial Tobacco’s Bob Dyrbus.