March 14 (Bloomberg) — Man Group Plc Chief Executive Officer Emmanuel Roman's pay more than tripled last year to $3.4 million after the hedge-fund company's earnings rose and its share price increased for the first time since 2009.
Roman, 50, received a salary of $1 million and bonus payments valued at $2.3 million, the world's largest publicly traded hedge-fund manager said in its annual report today. Roman's salary was unchanged from 2012, when he received no bonuses.
Roman's cost cuts helped push London-based Man Group's adjusted pretax profit up 8 percent to $297 million in 2013, and he also restructured management in response to client redemptions and losses posted by the firm's biggest hedge fund, AHL Diversified. The shares gained 2.7 percent last year after plunging 73 percent from the end of 2009 through 2012.
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