Three London Hedge Funds Set to Pay Partners $3 Billion, FT Says

Three of London’s biggest hedge funds are likely to pay their top partners a total of more than $3 billion this year, the Financial Times reported, without saying where it got the information.

The expected payouts by Brevan Howard Asset Management LLP, BlueCrest Capital Management Services Ltd. and Winton Capital Management Ltd. follow investment successes at the firms even as the industry as a whole lost an average of 4.3 percent of investor money, the newspaper said today, citing Hedge Fund Research.

Brevan’s main fund, which manages $25 billion and made its investors 13 percent over the past year, generated fees of $1.5 billion, according to the article. BlueCrest and Winton could generate fees of $600 million and $700 million, respectively, the FT said. Some of the success is attributed to correctly betting on a slow recovery in the euro region, it said.

To contact the reporter on this story: Erik Larson in London at elarson4@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net