The financial industry tradition of year-end bonuses will still be in place for mutual fund managers, despite market turmoil, Ross Kerber
reported in The Boston Globe
. "It's a good time to be a mutual fund employee," Alan Johnson, a New York-based compensation consultant to larger financial firms, told Kerber. Total assets under management at major fund firms, including Boston-based Fidelity Investments and MFS Investment Management continue to go up, Kerber wrote and industrywide, bonuses are seen to rise by about 10 percent this year.
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