Morning Coffee: Hedge fund in 25 acre mansion outside London is most enormous payer
Where would you rather work? Deep in the urban quagmire of the City of London or Canary Wharf, or in a leafy suburb on a 25 acre estate surrounding a mansion with a swimming pool and its own private bar? Equally, would you rather work for an investment bank governed by European Union bonus requirements, or a flamboyant hedge fund that's free to pay whatever it wants?
If the answer is the 25 acre estate and the free-paying flamboyant hedge fund, you should be working for Tudor Capital in Europe.
We've written about Tudor Capital's ostentatious European office before. Two years ago, Tudor Capital (Europe) was paying an average of £630k a head whilst treating its employees to the onsite pool, bar and tennis court at its office in deepest Epsom. Things have got even better still. Yesterday, Financial News reported that pay per head at Tudor Capital Europe averaged £3.3m for its 21 'members' (partners) in the year ending March 2013, with the highest earning individual taking home £27m (thereby reducing the average for everyone else). If you want to get in with Tudor Capital Europe, you can contact them here or even here. Tudor Capital employs 21 partners in Europe, but the FCA Register shows that it has around 50 registered staff in total.
Carlyle now has 79 full time fund raising professionals and appears to want more. (Financial Times)
Bob Diamond is thinking of investing in Aquis Exchange, a pan-European equities trading platform. (Financial News)
Bob Diamond, the one man private equity fund. (Financial Times)
Hedge funds Bluecrest Capital Management LLP, Citadel LLC and Balyasny Asset Management are all open to hiring people from SAC. (Bloomberg)
Wells Fargo had five days of trading losses last quarter (Morgan Stanley had 12). (Bloomberg)
Outside London and the home counties, income per head in the UK is typically well below the EU average. (GMB)
Actually, Ross McEwan will receive a bonus whilst at RBS. (Independent)
Beware screen apnea: the temporary cessation of breath or shallow breathing while sitting in front of a screen, whether a computer, a mobile device, or a television. (Mercenary Trader)
What Goldman Sachs would have you read this summer. (Financial Times)