Man CEO saw pay more than triple last year

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Man Group's CEO Emmanuel Roman’s pay more than tripled last year to $3.4m after the hedge-fund company’s earnings rose and its share price increased for the first time since 2009.

Bloomberg reports that Roman, 50, received a salary of $1m and bonus payments valued at $2.3m, the world’s largest publicly traded hedge-fund manager said in its annual report today. Roman’s salary was unchanged from 2012, when he received no bonuses.

Roman’s cost cuts helped push Man Group’s adjusted pretax profit up 8% to $297m in 2013, and he also restructured management in response to client redemptions and losses posted by the firm’s biggest hedge fund, AHL Diversified.

To access the complete Bloomberg article hit the link below:

Man Group CEO Roman Pay Triples as Fund Firm Reinstitutes Bonus

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