Further evidence that despite the recent less than stellar performance in the sector as a whole, some hedge fund managers are continuing to ...

Further evidence that despite the recent less than stellar performance in the sector as a whole, some hedge fund managers are continuing to pay themselves princely sums, with London-based hedge fund Brevan Howard paying members almost £58.9 million ($113 million) in the year to 31 July 2004 according to filings. This represents a massive jump from £4.4 million in the previous year. The vast majority was paid into a service company controlled by Brevan Howard founder and former star trader at Credit Suisse First Boston, Alan Howard. The other listed members are James Vernon, Christopher Rokos, Jean Philippe Blochet and Trifon Natsis, who joined Mr Howard when he formed the fund after leaving CSFB in 2002. Nagj Kawkabani and Luc Pajot joined as partners at the end of 2003.