Why the Best Job in Finance Isn’t About the Bonus

Ruben Onsu

Norway’s sovereign wealth fund, the world’s biggest, is hamstrung in competing for talent with the rest of the investment industry. As a public institution, it faces what it calls “barriers to remuneration.” In other words, it can’t pay its stars what they would earn working at a hedge fund. But a study just published celebrating 20 years of active management suggests the fund has found other ways to attract and retain portfolio managers.

The Norwegian fund had 246 employees whose pay is tied to investment performance, according to its 2020 annual report. Their average compensation last year was about

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AWS launches FinSpace, a data analytics service for financial industry

Ruben Onsu

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Amazon’s AWS cloud business has launched a new data management and analytics service for the financial sector.

As is now the case in most industries, data serves as the driving force behind financial service businesses, spanning banks, insurance companies, hedge funds, and more. However, this data — structured or unstructured — often lives in a silo separate from a company’s other data. Being able to aggregate and catalog this data can help companies unlock insights. This may include identifying transaction patterns, profiling customers, and

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Qatar finance minister arrested over embezzlement allegations

Ruben Onsu

Qatar’s Minister of Finance Ali Sherif Al Emadi speaks at the Qatar UK Business and Investment Forum in London, Britain March 27, 2017 REUTERS/Neil Hall

Qatar Finance Minister Ali Sherif al-Emadi was arrested over embezzlement allegations and stripped of his duties, officials said on Thursday.

In a statement carried by state news agency QNA, the public prosecutor said Emadi was being questioned over allegations of embezzlement, abuse of power and crimes related to the public sector. An investigation was under way.

The administrative office of Emir Sheikh Tamim bin Hamad al-Thani said the Emir had relieved Emadi of his duties,

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Greece’s bumpy road to financial respectability

Ruben Onsu

THESE ARE anxious days for Kyriakos Mitsotakis, the Greek prime minister. The country is due to welcome tourists from around 35 countries from May 15th, but hotel bookings are looking thin and covid-19 lingers. Unless tourism recovers, the economy will shrink for a second year.

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There is some good news, though. On April 23rd S&P, a rating agency, upgraded the country’s sovereign rating to BB. (That is still below investment grade, which officials

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Qatar orders arrest of finance minister amid probe | Corruption News

Ruben Onsu

Attorney general orders arrest of Finance Minister Ali Shareef al-Emadi as part of an investigation, state media says.

Qatar has ordered the arrest of Finance Minister Ali Shareef al-Emadi as part of an investigation into alleged misuse of public funds and abuse of power, and relieved him of his ministerial responsibilities.

Qatar News Agency (QNA) reported on Thursday that the attorney general had ordered the arrest after the review of documents and reports regarding crimes related to the public sector.

An “expanded” investigation was under way, it added.

“The attorney general has ordered the arrest of Minister of Finance Ali

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How Can I Talk To My Mom About Her Retirement Plan?

Ruben Onsu

Photo: Getty Images

I love my mom a lot, but she can be difficult and very stubborn about asking for help. Now that she’s getting older, I’m worried about what that means when she eventually has to retire. She’s worked most of her life, but most of her jobs have been low-wage. For the past decade, she’s been a home health aide, so she has good job security, but the work doesn’t pay much and takes a toll on her

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