It's hedge fund results season in London. Quant fund AQR Capital Management (Europe) LLP is the latest entity to release results for its U.K.-based operation. They show that AQR did quite a bit of hiring last year. They also suggest that pay was pretty steady on previous years - when AQR wasn't exactly known for being hugely lavish. AQR Capital Management (Europe) ('AQR') hired 14 people in 2018 and increased its headcount by 45% in the process to 45 people. 39 of those 45 were 'operations' staff, the rest were in 'admin'. The fund spent £9.5m paying everyone.