Home Business NewsFinance News London hedgies' bonuses drop to £500k a year… here are the UK's richest hedge fund managers

London hedgies' bonuses drop to £500k a year… here are the UK's richest hedge fund managers

by LLB Editor
22nd Aug 14 12:50 pm

The hegemony of hedge fund executives seems to be sliding as their pay packets have halved in a year. But don’t feel too sorry for them, their average salary is still almost 25 times more than Britain’s average salary of £26,500.

This year, they are expected to earn an average compensation of £660,000 including a £201,000 salary and a bonus of £459,000. Last year, the total package of an average hedge fund executive stood at £1.5m including a £361,000 salary and £1,236,000 bonus.

According to data collected by Emoulment.com, a company that studies salaries, bonuses for hedge fund employees have plummeted 94% since 2012.

Directors and vice-presidents in hedge funds now earn an average salary of £226,000 compared with £307,000 two years ago.

In a statement, Emolument.com said: “The last two years have taken their toll on the myth of the hedge fund executive in their Aston Martins,” the company said. “The slow decline in salaries pales in comparison with the collapse in bonuses.”

Take a look at the wealthiest hedge fund managers in the UK:

1. Alan Howard, Brevan Howard Asset Management

Wealth: £1.6bn

2. Michael Platt, BlueCrest

Wealth: £1.5bn

3  Alexander Knaster, Pamplona Capital Management

Wealth: £1.26bn

4 Sir Michael Hintze, CQS       

Wealth: £1,055m

5 Robert Miller and Princess Marie-Chantal and family, Search Investment Group            

Wealth: £985m

6 David Harding, Winton Capital

Wealth: £750m

7 Chris Hohn, TCI Fund Holdings

Wealth: £657m

8 Crispin Odey and Nichola Pease, Odey Asset Management      

Wealth: £520m

9 Martin Hughes, Toscafund      

Wealth: £478m

10= Sir John Beckwith, RiverCrest Capital             

Wealth: £350m

10= Steven Heinz, Lansdowne Partners

Wealth: £350m

10= Andrew Law, Caxton Associates

Wealth: £350m

Source: Sunday Times Rich List


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