Saturday, 1 November 2014
Last updated 18 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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