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.

Previous 1 2

In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

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

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of