To Defer or Not to Defer: A Big Question for Hedge Funds

Calpers and Utah Retirement Systems say deferred bonuses show a fund manager is in the trenches with his investors but Apollo serves as a warning

December 17, 2025

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Hedge fund CEOs who crow about aligning their interests with those of their investors now have an opportunity to prove it when it comes to paying out their performance fees. In June the Internal Revenue Service officially approved a form of deferred compensation

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