Mutual fund executives wanting to put 2001 behind them may get a nasty reminder of what kind of year it was. Year-end bonuses for executives and wholesalers, typically handed out this month, are down significantly from the previous year.

For most people, bonuses will be down 20% to 30% said Kim Raynor, a director at Russell Reynolds Associates. In fact, while many companies are doling out smaller bonuses, some firms are handing out nothing to certain employees who have received them in the past, said Cara Meyers, a partner with Capital Search Group, an executive search firm in Boston which specializes in investment management and financial services companies.

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