This hedge fund has just paid its senior staff £3.7m after an amazing year

[OddTrader]

This hedge fund has just paid its senior staff £3.7m after an amazing year

by Paul Clarke 23 May 2017

http://news.efinancialcareers.com/uk-en/284674/caxton-2016

A lot of UK hedge funds cut headcount in the face of lacklustre performance and pressure on fees last year. Caxton Associates, the $8bn New York-based hedge fund, has been hiring in London regardless.

Newly released accounts for its UK LLP demonstrate why – it made £95.7m in profits last year, up from £15.8m in 2015 and £6.2m the year before. In other words, over the past 12 months, profits in its UK operation have increased by 504%.

Hedge funds usually run as limited partnerships in the UK, which means that any profits are poured back in the form of ‘member remuneration’. All of Caxton’s £95.7m was allocated to its partners’ pay.

 

[MoreLeverage]

To be clear, since it's not from the headline, they paid $4M or so on average per senior staff member, not in total across all everyone.

 

[Michael J. Fletcher]

Not surprised. They do it all the time.

 

[Martinghoul]

Unfort for them, this looks like it's unlikely to repeat this year...