Thursday, 27 August 2015
Last updated 15 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…