Sunday, 23 April 2017
Last updated 1 day ago
Dec 5 2013 | 10:33am ET
Marshall Wace Asset Management had a good year last year—and so did its employees.
The London-based hedge fund said its fee income jumped 70% in the year ended February, allowing it to split 76% more in profit than it did in the year-earlier period. All told, Marshall Wace's members split £83.6 million, up from £47.3 million in the year ended February 2012.
Some £57.6 million went to the firm itself and its 100 staff members. The 14 other members divided the rest, averaging a £1.8 million payout for the year.
The year to end in February 2014 looks like it might bring even bigger pay days at the firm: Marshall Wace's assets are up from US$9.5 billion in February to US$13.4 billion now.