How much do you earn as a partner at hedge fund Brevan Howard?
Needless to say, it's complicated. Hedge funds don't disclose their compensation globally but they do register often opaque and highly retrospective accounts with the UK's Companies House.
Accounts for Brevan Howard Asset Management LLP for the year ending March 2022 have just been registered. They show that Brevan Howard's 17 partners shared£105m ($127m) last year, including£82m in remuneration and a further£23m in profits. That's around £6m each.
This was a bit of a comedown from the previous year, when 17 partners shared£123m, including£43m in remuneration and£80m in profits. The implication seems to be that Brevan Howard paid its partners more in salary as their profit shares fell last year.
Unfortunately, it's not that simple. Brevan Howard's list of 17 partners includes various corporate entities. They encompass Brevan Howard Asset Management Services Ltd, which employs all its non-partner employees and which has yet to file its accounts (late). These 'corporate members' likely received the lion's share of the partners' profit allocation in both years.
What is clear, though, is that profits at Brevan Howard fell in the year to March '22. - They were£105m versus£130m in '21. Revenues were also down, from£170m to£144m.
The comparatively bum year came as Brevan Howard indulged in some big hiring. Overall headcount numbers aren't given in the partner report but the fund has been expanding under chief executiveAron Landy, who was appointed by Alan Howard in 2019. Last year's recruits included talent scouts to add new portfolio manager talent.
It will be another year before we get a perspective on profits at Brevan Howard for the remaining nine months of 2022, but - new hiring not-withstanding - they're likely to be better than in 2021: the $10bn Brevan Howard Master fund and the $12bn Alpha Strategies fund were reportedly up 20% and 28% respectively last year.
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FAQs
Accounts for Brevan Howard Asset Management LLP for the year ending March 2022 have just been registered. They show that Brevan Howard's 17 partners shared £105m ($127m) last year, including £82m in remuneration and a further £23m in profits. That's around £6m each.
How much do hedge fund partners make? ›
How Much Do Hedge Fund Partner Jobs Pay per Year? $76,000 is the 25th percentile. Salaries below this are outliers. $119,500 is the 75th percentile.
How much does Brevan Howard pay NYC employees? ›
The estimate average salary for Brevan Howard employees is around $102,074 per year, or the hourly rate of Brevan Howard rate is $49. The highest earners in the top 75th percentile are paid over $115,871.
Is Brevan Howard a good hedge fund? ›
Brevan Howard was founded in 2002 by Alan Howard, alongside four other co-founders including Chris Rokos, and is widely considered to be one of the top global macro hedge funds.
How many employees does Brevan Howard have? ›
Brevan Howard has approximately 1.1K employees as of May 2024. These team members are located across 4 continents, including EuropeNorth AmericaAsia.
How many partners can a hedge fund have? ›
Generally, hedge funds operate as limited partnerships or limited liability companies and rarely have more than 500 investors each. 1 The minimum investment is high, with a $1 million investment not uncommon. They attract institutional investors as well as high-wealth individuals.
Who is the wealthiest hedge fund manager? ›
Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid. In 2022, he earned $41. billion, and by the beginning of 2023 his net worth was estimated at $35 billion.
How much does a VP at a hedge fund make? ›
While ZipRecruiter is seeing annual salaries as high as $277,500 and as low as $43,500, the majority of Vice President Of Hedge Funds salaries currently range between $115,000 (25th percentile) to $190,000 (75th percentile) with top earners (90th percentile) making $244,500 annually across the United States.
How rich do you have to be to invest in a hedge fund? ›
Hedge funds tend to have specific characteristics and features. They require wealth to participate. Hedge funds typically require an investor to have a liquid net worth of at least $1 million, or annual income of more than $200,000. They often borrow money to use in an investment.
What is Brevan Howard salary? ›
The estimated total pay range for a Graduate at Brevan Howard is £65K–£110K per year, which includes base salary and additional pay. The average Graduate base salary at Brevan Howard is £68K per year. The average additional pay is £40K per year, which could include cash bonus, stock, commission, profit sharing or tips.
The average Quantitative Analyst base salary at Brevan Howard is $164K per year.
Is Brevan Howard a good company to work for? ›
Employees rate Brevan Howard 3.2 out of 5 stars based on 44 anonymous reviews on Glassdoor.
Who is the CEO of Brevan Howard? ›
The firm is led by CEO, Aron Landy. Our purpose is to deliver outstanding investment returns to our clients in every macroeconomic environment.
What is better than hedge fund? ›
Hedge Fund vs Private Equity: Summary
Summing up everything above, private equity is better if: You want to work on long-term investments, and you like structure, process, and relationship-building.
How many partners does Gunnercooke have? ›
At present the firm comprises around 400 senior lawyers including 300 partners across 12 global offices including London, New York, Manchester, Edinburgh, Glasgow, Berlin and Budapest. All lawyers and consultants join gunnercooke as senior advisors with the ambition to design and grow their own practice.
How much money does Brevan Howard manage? ›
<content type="text">Brevan Howard has safely navigated the credit crunch and boosted assets under management to surpass $32 billion, retaining its lead among European single manager hedge funds and pushing it to number four globally.
How big is one rock capital partners? ›
About us. Founded in 2010, One Rock Capital Partners has ~$6.0 billion of cumulative capital commitments under management.
