Wednesday, 29 March 2017
Last updated 22 min ago
Jan 3 2013 | 11:17am ET
Brevan Howard Asset Management's band of partners took in more than twice as much in 2011 as they had a year earlier.
The London-based hedge fund giant paid its 49 members £269.8 million in the year ended March 2012. The US$39 billion firm earned 12% on its flagship hedge fund in 2011.
Brevan Howard's highest-paid partner, presumably founder Alan Howard, took home £78.9 million of the kitty, according to a regulatory filing. The firm's highest-paid partner earned £64.8 million in the year ended March 2011.
Howard moved to Switzerland in 2010 to avoid British taxes.