Brevan Howard paid partners $99m

Hedge Fund

Brevan Howard Asset Management, the U.K. unit of Europe’s largest closely held hedge-fund firm, paid its partners as much as $99m for the year through March, according to a corporate filing.

Bloomberg reports that the highest paid partner, who wasn’t identified, received $64.5m, down from $129.1m a year earlier, according to the filing posted on the U.K. Companies House website yesterday. The U.K. unit had 46 designated members in that period, meaning each partner received an average pay of as much as $2.14m.

Brevan Howard Capital Management manages about $40bn and charges clients fees for overseeing the assets and for positive investment performance in its hedge funds. The firm’s Master fund, its biggest, gained 3.9% in 2012 after rising 12.2% in 2011, a company performance report shows.

To access the complete Bloomberg article hit the link below:

Brevan Howard U.K. Unit Paid Partners $99 Million

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