Brevan Howard Payroll Plummets

Jun 7 2010 | 2:10pm ET

Europe’s largest hedge fund may be the home to Europe’s largest pay cut.

Directors and employees of Brevan Howard Asset Management split just £54.2 million last year, according to the accounts for Brevan Howard Services. The previous year, the figure was £258.9 million.

Brevan Howard Services handles the London-based hedge fund’s payroll and office administration.

The 2009 pay figures only cover eight months, as Brevan Howard has shifted its fiscal year. It covers all staff costs for the firm’s 214 employees.

Brevan Howard this year opened an office in Switzerland with room for as many as 50 staffers.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note