Hedge fund staff share £120m
THE 23 top staff at one of London’s largest hedge fund managers shared more than £120m in payouts last year despite slumping profits.
Payouts at Mayfair-based Capula Investment Management, which specialises in fixed-income investments such as government bonds, were down from a bumper £211m the previous year after profits fell by a similar amount.
Capula’s biggest benefactor, thought to be its founder Yan Huo, received a £36m cut, down from £72m.
Mr Huo, an American, graduated from Princeton with a doctorate in electrical engineering before moving into finance and leading JP Morgan’s fixed-income trading team. He started Capula with former UFJ trader Masao Asai in 2005 and is among the UK’S wealthiest hedge fund bosses with a fortune thought to be about £500m.
The fund was backed by Goldman Sachs and the Japanese conglomerate Mitsubishi, which sold their minority stakes in 2016 and 2018 respectively.
Capula did not return requests for comment.