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... »Read more

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. »Read more

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. »Read more

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. »Read more

Welcome everyone! This is the home of the Power & Money blog, where we will focus on the latest issues in the worlds of hedge funds and private equity. »Read more