Bonuses
In December 2016, it was revealed that employees were paid over $11 million in combined bonuses in 2015 when the main funds returns were flat. This is due to the compensation structure that tracks five year returns due to the long term nature of the investing. For the five year period, the fund returned 6.7%, which outdid its 6.2% benchmark. When accounting for roughly $100B of assets under management at the time the 0.5% out-performance equates five hundred million of additional money for the pension system. This is roughly 45 times the $11mm of bonuses paid to the staff that outperformed the market.References
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* Financial services companies established in 1951 Companies based in Madison, Wisconsin Venture capital firms of the United States 1951 establishments in Wisconsin Public pension funds in the United States {{Company-stub