Cute little shop.
The firm's British employees managed to both receive 210% bonuses and still see their average pay fall last year.
On an average payment per head basis, this means that employees received £85k in salary and £179.k in bonus payments – or 210% of their base.
In the current era of allowances, salary hikes and clawbacks, such generosity in bonus payments shows the benefit of working for a comparatively small hedge fund….
It ended 2013 with 55 employees, so hired an additional eight people throughout the course of 2014, or a 14.5% increase. Unfortunately, however, people earned less as Fortress expanded – average pay per head fell from £356.3k in 2013 to £263.4k last year.
Hedge fund pays over 200% bonuses this year [efinancialcareers]