Sunday, 5 July 2015
Last updated 58 min ago
Dec 19 2013 | 11:05am ET
Odey Asset Management's return to form paid of quite handsomely for firm founder Crispin Odey and his partners.
The London-based hedge fund's profits doubled in the 12 months ending in April, so Odey gave himself a better than 50% raise. After paying himself just £9.4 million following a "pretty horrible" fiscal 2011, Odey took home £14.2 million in the last one, just shy of the £15.4 million he earned in fiscal 2010.
The other 17 members of the Odey partnership split the remaining £40.8 million, itself 50% higher than the entire profit pool in the previous year.
Odey said its profits jumped from £27.2 million to £55 million, with turnover nearly doubling from £40 million to £72.7 million.
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…