AllianceBernstein has joined the ranks of firms that have altered their compensation policies this year. The Wall Street Journal's Phil Craig reports that the New York City-based asset manager is one of the companies that have "made equity rewards a greater portion of total remuneration."

The article did not mention specific figures.

Other fund managers mentioned in the piece are UK-based Newton and Insight Investment, both of which are part of Bank of New York Mellon, Schroders PLC and Standard Life Investments.

An AllianceBernstein rep told the pub that the change is aimed at encouraging employees to focus on the wider business' performance. 

Edited by: Armie Margaret Lee


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