Tuesday, 25 October 2016
Last updated 45 min 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%.