In the meantime, Bloomberg reports that Brevan Howard Asset Management paid its partners as much as $436m in the 12 months ended in March, more than double the amount it paid them a year earlier, after the hedge fund’s investment performance beat rivals.
The highest-paid partner, who wasn’t identified, got $127.6m, up from $104.8m in the year earlier, according to a filing by the London-based fund posted December 22nd on the U.K. Companies House website.
Brevan Howard had 49 designated members during the period, meaning each partner received an average pay of as much as $8.9m, the filing showed.
Bloomberg also reports that MF Global Inc. has settled a legal dispute with a U.K. affiliate in a deal that will bring the failed brokerage $500m to $600m, allowing it to pay customers more money after a judge approves the settlement, a trustee said.
Finally, the news organisation reports that Royal Park Investments SA, a manager of distressed debt securities in Belgium, has sued 11 investment banks for more than $3bn for losses on mortgage-backed securities in the U.S.
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