Hengistbury Profits, Pay Soar

Apr 2 2014 | 10:08am ET

Hengistbury Investment Partners’ rapid growth has translated into a handsome payday for its partners and employees.

The London-based hedge fund, founded three years ago by Stuart Powers, a former partner at The Children’s Investment Fund Management, swung to a £5.4 million profit in the 12 months to November, it said in a regulatory filing. During its first 17 months in business, Hengistbury lost £431,809, due to start-up costs.

Revenues surged nearly 20-fold to £9.8 million, as the firm’s assets soared from an initial US$25 million to US$1.5 billion late last year. All of that translated into distributable profits of £5.4 million and a big jump in compensation, which totaled £3.3 million, compared to just £100,000 in its first 17 months.

London-based Hengistbury employs a global long/short equity strategy.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of