{"id":34295,"date":"2013-03-06T12:44:04","date_gmt":"2013-03-06T17:44:04","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=34295"},"modified":"2013-03-06T12:44:04","modified_gmt":"2013-03-06T17:44:04","slug":"ubs-said-to-face-oconnor-hedge-fund-defections-on-bonus","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2013\/ubs-said-to-face-oconnor-hedge-fund-defections-on-bonus.html","title":{"rendered":"UBS Said to Face O\u2019Connor Hedge-Fund Defections on Bonus"},"content":{"rendered":"<p>Bloomberg &#8211; UBS O\u2019Connor LLC, the $6 billion hedge-fund unit within the biggest Swiss bank, risks upheaval as senior traders seek to defect after a clampdown on cash bonuses, two people with direct knowledge of the situation said.<\/p>\n<p>Traders are contacting other hedge funds and recruiters after UBS AG (UBSN) moved them to a pay structure used throughout the firm, said the people, who requested anonymity because their plans to leave aren\u2019t public. That resulted in immediate cash bonuses falling by 50 percent to 1 million Swiss francs ($1.06 million), and some deferred pay being tied to five-year UBS bonds rather than reinvested in O\u2019Connor funds, the people said.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2013-03-06\/ubs-said-to-face-o-connor-hedge-fund-defections-on-bonus\" target=\"_blank\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; UBS O\u2019Connor LLC, the $6 billion hedge-fund unit within the biggest Swiss bank, risks upheaval as senior traders seek to defect after a clampdown on cash bonuses, two people with direct knowledge of the situation said. Traders are [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34295","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=34295"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34295\/revisions"}],"predecessor-version":[{"id":34299,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34295\/revisions\/34299"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=34295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=34295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=34295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}