Hedge fund offers benefits to keep hold of best talent

Some of Bill Ackman’s employees will be sporting golden handcuffs soon.

The New York Post reports that Ackman’s Pershing Square fund is now offering pension-like benefits to entice certain high-ranking employees to stay put longer.

The benefit vests over 10 years and is forfeited if employees jump ship before.

Employees who do not have profit interests in the firm will continue to receive a combination of salary and bonus.

The new plan was announced in a letter sent to shareholders on Wednesday.

“We are often reminded that incentives drive all human behavior,” Ackman wrote to introduce the new program after addressing the firm’s recent poor performance.

To access the complete New York Post article hit the link below:

Ackman attempts to entice hedge fund execs to stay around

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