Saturday, 23 August 2014
Last updated 1 day 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note