Hedge fund pays partners average of $4.8m

Brevan Howard Asset Management’s U.K. unit paid partners an average of $4.8m in the 12 months through March after the hedge fund’s flagship Master Fund had its first annual loss in 2014.

Bloomberg News reports that the company paid $176.4m in compensation, up from $124.8m in the year-earlier period, 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 U.K. employment law, a spokesman for Brevan Howard said.

The highest-paid partner received $75.9m, up from $46.7m a year earlier, the filing showed. That partner is a pool of money that is distributed to staff members, the spokesman at Brevan Howard said.

To access the complete Bloomberg News article hit the link below:

Brevan Howard's U.K. Unit Paid $4.8 Million Average to Partners

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