A London-based hedge fund paid its members almost £60m ($113m) last year, Companies House filings show, in the latest sign of the rewards luring increasing numbers of traders and other professionals from investment banks to the trillion-dollar industry.

The cash flow statement of Brevan Howard, founded by Alan Howard, a former star trader at Credit Suisse First Boston, showed that “outgoing transactions with members” were £58.9m in the year to 31 July 2004, compared with £4.4m in the previous year. The highest-paid member was Brevan Howard Services Limited, a subsidiary, which was allocated £57.8m.