Saturday, 23 July 2016
Last updated 19 hours ago
Aug 7 2013 | 10:07am ET
Tudor Investment Corp.'s European employees aren't feeling the bonus pinch that's hitting the continent's bankers.
The hedge fund's employees split a US$69.6 million bonus pool for the fiscal year ended March 31, roughly in line with the US$67.3 million they split a year ago, Financial News reports. Tudor Capital Europe's profit for the year was US$70 million, up from US$66 million in the previous year, and revenue rose 11.7% to US$120.6 million.
The bonus pool went to TCE's 21 members, the highest-paid of which got US$27.6 million, an increase from the previous year's US$23.3 million.