Wells Street Journal: Don’t mention the pay

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The Wells Street Journal has a long held reputation as a paragon of good manners so we know it’s important not to discuss religion or politics at a dinner party.

But this week we learned fund manager pay structures are another conversation taboo. Our education on the matter did not come at a swanky industry soiree unfortunately, but an RLAM multi-asset briefing.

The team was all too happy to answer questions about the effectiveness of monetary policy and the shortcomings of innovative finance products, but fund manager Trevor Greetham called the meeting to an abrupt end when he was questioned about industry pay.

We could understand if he had been asked to whip out his P60, but all that was being sought was comment on a PWC report.

While WSJ found the situation slightly uncomfortable, we at least now know how to get away from dull conversations in the future.