In the world of alternative investments, they use alternative methods of compensation. Base and bonus don't accurately represent what these folks are making. Hedge fund pay, the focus of my Power & Money report today, is the perfect example. The average pay for a CEO was $4.5 million, according to Infovest. The average pay for a portfolio manager: $2.5 million. But what these numbers don't include is the fattest part of the paycheck...
There is a big, giant bullseye painted in bright red over the entire retail sector. Private equity firms are sniffing around targets like the Gap (which, according to Women's Wear Daily, may have a bidder in Eddie Lampert), Barnes and Noble, and Home Depot.
News out just moments ago that the Securities and Exchange Commission is raising the minimum requirements for so-called "accredited investors." It gets bumped up to $2.5m from $1m, where it had stood unchanged since 1982.
My power and money producer, Wendy Furrer, and I are sitting here on the sandy beaches of Dana Point California now that Opal Financial's Alternative Investing Summit has wrapped up. It's amazing that Amaranth, for all the media coverage it's gotten, has not been a big theme here.
Herb Weisbaum has some tips on getting more than your money's worth when buying gift cards.
Friday, 6 Dec 2013 | 4:08 PM ET
Making sense of the moves in gold, with Larry McDonald of Newedge USA; FM contributor Tim Seymour; and JJ Burns of JJ Burns & Company. "I think there is tremendous capitulation in gold," says McDonald.
Friday, 6 Dec 2013 | 4:00 PM ET
CNBC's Scott Cohn reports that the FBI doubled the number of fugitives on its Cyber's Most Wanted list. Collectively, the new fugitives comprised millions of computers to gain millions of dollars.