Monday, 28 July 2014
Last updated 1 hour ago
Jun 14 2011 | 2:02am ET
The highest-paid partner at Clive Capital earned more than £7.5 million per month between April and February, a period that saw the firm bounce back from a rough early 2010 to post double-digit returns last year.
The three Clive Partners—founder Christian Levett, Richard Boland and Elizabeth Holstein—paid themselves a total of £104.4 million between March 31, 2010, and Feb. 28 of this year, according to regulatory filings. But the lion's share of that, £83.9 million, went to only one of them.
The lucky partner, who took home 12.5% more than in the previous year, was not identified. Levett is the firm's controlling partner.
Clive returned more than 10% last year, an impressive feat given that the US$4.1 billion fund was in the red in the middle of the year. This year, the fund returned 5% through February, but took it on the chin in May, losing more than 11%.
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…