Monday, 22 September 2014
Last updated 2 min ago
Jan 11 2011 | 5:55am ET
Brevan Howard Asset Management’s top partners have split more than £200 million in pay for the year ended last March.
The firm’s 38 partners—which include, in addition to firm founder Alan Howard, Brevan Howard Services, which pays the hedge fund’s more than 350 staffers, and Swiss Re, which owns a 15% stake in the firm—divided £204 million among them. The year ended in March was a strong one for Europe’s largest hedge fund: It earned £763.3 million in fees and a £687.9 million profit.
Brevan revealed the figures in its accounts filing with British regulators.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.