Name: 今年のウォール街のボーナスはどうなっているのか｜チャート・ザット・カウント (What's happening with Wall Street bonuses this year | Charts That Count)
Uploaded: 2021-01-14T08:54:42.000Z
Duration: 4 min 10 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

Today, we're talking about Wall Street bonuses

gone on in the financial services industry this year.

OK, why might we want to look at bonuses?

really, compensation is going to be one of the highest

because they also have this interest rate cost.

But largely, compensation is going to be the biggest.

You might also have some technology costs, maybe

some rent that you have to pay for your office, probably

a little bit of advertising and marketing,

So let's go through each of these four industries

Let's start with the top line, which refers to private equity.

Probably a pretty healthy bump up in bonus this year.

Private equity has become a really, really popular asset

class for investors to put their money into.

Private equity takes firms off the public market,

These are not going to be firms that are listed on the S&P 500.

Money has been flowing into this asset class.

And if you're not changing your headcount very much,

then you're probably going to have your revenue go up,

which indicates a healthy bonus for your employees.

Let's go to this next line, which is hedge funds.

Now, hedge funds solidly in positive territory

But this is actually surprising, because most hedge funds

that we think that they might given the fact that they

A vast majority of hedge funds don't over perform.

But investors still need to diversify their portfolio,

and hedge funds often offer that diversification that they need.

And so that's why, despite the fact that hedge funds haven't

still in positive territory for their bonuses.

Now, the next red line is asset management firms.

Asset management firms deal more in public markets.

here for positive change in bonuses this year.

And yeah, that's partly due to the markets doing well.

But it's not really as high as it would be if this was only

There's passive investing, which is a very low-fee investment,

has been driving down fees in active management.

So that's why, despite healthy markets this year,

asset management firms not having as good of a year as you

So keep in mind that this includes both investment banks

as well as commercial banks which, between the two,

there's a lot of variation in those two groups of banks.

But this year projected to be a down year once again.

One of the big things that's driving this

And when interest rates are low, their margins

So when it comes to the big Wall Street bonus,