Filings show that Brevan Howard paid its partners $201.3 million in the year ending in March, reports Bloomberg.
Fees at the London-based hedge fund dropped to approximately $370 million in 2011, down from more than $1.1 billion in 2010. Performance was less of an issue this year, with the anchor Brevan Howard Master Fund returning 12.6% in the year ending in November, whereas last year the same figure was far below investors’ expectations at a mere 1%.
While averages tend not to capture the bar-belled nature of hedge fund compensation, Brevan Howard’s filings do include details that demonstrate the elevated context for compensation at the firm. From Bloomberg’s report:
The average number of Brevan Howard partners for the year ending in March was 52, according to today’s filing. The highest-paid partner received 64.8 million pounds, compared with 267.3 million pounds in the year earlier period, the filing said. The filing didn’t disclose how much pay Howard, 48, received. Executives at the firm declined to comment.
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