Hedge Fund Pay Jumps As Profits Surge

After two bumper years, pay in the hedge fund industry is rising. Some of the biggest names in the industry have paid themselves considerable salaries after racking up large profits in 2020, and it looks as if the same theme could play out for the year ahead.

Q3 2021 hedge fund letters, conferences and more

Huge Profits

Crispin Odey's Odey Asset Management paid out £15.6 million ($21.1 million) to its founder last year after profits soared. The firm's performance fees for the year jumped from £896,000 ($1.2 million) to £39.8 million ($53.7 million), and assets under management rose to £2.7 billion ($3.6 billion).

In September 2021, Odey's flagship fund, Odey European, reported...