BlueCrest Employees Share Big Payout

Sep 10 2010 | 12:07pm ET

BlueCrest Capital Management is celebrating its 10th birthday as the fastest-growing hedge fund in Europe, and its employees are celebrating with some pretty substantial party favors.

Total wages and salaries at the firm soared 39% over the past year to £36 million, despite being split among 10 fewer employees. On average, the London-based firm’s 250 employees were paid £144,000 each in the year-ended June 30, up from £104,000 in the previous fiscal year.

BlueCrest, which manages US$22.2 billion, grew by 65% over the past year.

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