Tuesday, 30 September 2014
Last updated 2 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.