Eisler Capital, the $4bn hedge fund founded by former Goldman Sachs partner Edward Eisler, has once again implemented a policy requiring traders to repay their cash bonuses in full if they leave the firm within the next year, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that the firm has informed portfolio managers that discretionary bonuses for 2024 will be subject to this clawback rule.
Eisler first introduced the controversial policy last year as hedge funds faced intense competition to attract and retain top talent. At the time, the firm stated that its compensation structure was designed to ensure alignment between employees and investors’ interests while fostering long-term stability.
“While people are our strongest asset, we also need to ensure alignment with our investors’ interests,” a spokesperson for the firm said in a June 2024 statement. Eisler Capital declined to comment on the continuation of the clawback policy.
Eisler Capital has faced notable challenges recently, including a wave of executive departures in 2024 as it worked to shift from its macro trading origins into a multi-strategy model. The firm posted a 3% return last year, trailing behind many of its competitors.
In a leadership reshuffle late in 2024, Carey Nemeth returned to Eisler Capital, stepping into the role of partner and US chief in New York, replacing Arun Dhar.
