EU Passes New Rules To Curb Fund Manager Bonuses

The EU has agreed on new rules curbing fund managers’ pay, requiring at least 40% of the bonus to be deferred for three years and half of all cash bonuses to be invested into managed assets in an attempt to better align manager and investor interests, reports John O’Donnell at Reuters.

“We want to ensure that responsible remuneration policies are in place across the financial sector and that there are no loopholes for risky and dangerous trading practices,” said Arlene McCarthy, who helped draft the new rules. “The new rules will bring funds in line with...