Saturday, 30 August 2014
Last updated 21 hours ago
Jan 2 2013 | 12:12pm ET
Crispin Odey's "pretty horrible year" in 2011 doesn't look quite so bad on paper.
Odey's eponymous London-based hedge fund saw its income and profits drop in the year ended April 2012. But the former fell by only 11% and the latter by 22%: not good, certainly, but pretty good by "pretty horrible" standards.
Odey Asset Management took in £40 million in income on the fiscal year, down from £45 million. Most of that was attributed to a £6 million drop in performance fee income, which fell by more than 70% to just £2.5 million. Profit fell from £34.7 million to £27.2 million.
That means that Odey himself had to take a nearly 40% pay cut, taking home just £9.4 million compared to £15.4 million in the year-ended April 2011. Other payroll costs grew along with the firm. Its team, which is six members larger than the previous year, earned £7.58 million, up from £6.45 million.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...