Austerity? Not At These 6 UK Hedge Funds

Jan 15 2015 | 12:21pm ET

Brevan Howard
Brevan Howard's 46 members shared £34.7 million last year, compared to £38.3 million in 2013, as profits sank from £60.4 million to £55 million. But don't feel too bad for them: they were also given £41 million in “relation to operating activities” and £14 million in profit share, for an average payment of £1.8 million.

Odey Asset Management
Odey generated a £174.2 million profit in 2014, up from £55 million in the previous 12 months. This was all made available for division among its 20 senior employees, meaning an average payment of £8.7 million. The best-paid member pocketed £47.8 million compared to £14.2 million in the prior 12 months.

Cheyne Capital Management
Cheyne’s operating profit increased from £28.1 million in 2013 to £54 million for the 12 months to March 2014. It earmarked £25.2 million for division among its 56 members, meaning an average payment of £450,000. That's a significant increase from 2013 when the amount to be divided was £6.6 million. Oddly enough, the highest-paid member took home £6.1 million, which represented a decrease from £6.8 million in 2013.

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