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 firstname.lastname@example.org
To contact the editor responsible for this story: Anthony Aarons at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.