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Staff Share £19M At 'rottweiler' Hedge Fund

by news.yahoo.com posted 3weeks ago 20 views
Thirteen partners at a hedge fund whose founder is nicknamed the “Rottweiler” shared £19.1m between them in 2018, according to recently filed accounts. Profit available to be distributed to partners was up last year from £15.3m in 2017, accounts for Toscafund Asset Management filed with Companies House show. London-based Toscafund is one of the UK’s best-known hedge funds. £14.2m of the £19.1m profit pool went to senior management. The biggest individual share of profits — thought to be given to founder Martin Hughes — was £8.6m. The rise in profits doled out came as revenues and profits rose.

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