Tuesday, 29 July 2014
Last updated 4 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…