Hedge fund fat cats
Partners at the UK offices of the hedge fund Brevan Howard Asset Management LLP were paid an average of £3.3 million pounds in the financial year ending March 2015.
The company paid £120.6 million pounds in compensation, up from £85.3 million pounds on the previous year, according to a filing to Companies House. The number of partners averaged 37 in the year, down from 45, after an undisclosed number became employees because of changes to UK employment law.
The highest-paid unnamed partner received £51.9 million pounds, up from £31.9 million pounds a year earlier, the filing showed. That partner is a pool of money that is distributed to staff members, a Brevan Howard spokesman claimed.
The Financial Times newspaper believed the recipient of the £51.9 million to be the firm’s co-founder Alan Howard.