Financial Times FT.com

Hedge fund owners paid £10m-plus each

By Peter Thal Larsen,Banking Editor

Published: July 8 2005 03:00 | Last updated: July 8 2005 03:00

The two owners of Marshall Wace, one of London's largest and most influential hedge funds, paid themselves more than £10m each last year, according to the group's annual report.

Marshall Wace Asset Management Limited's annual report shows Paul Marshall and Ian Wace, who each own 50 per cent of the company, shared a dividend of £9.89m in the year to last August. The highest-paid director - believed to be Mr Marshall - was paid a further £6.6m. Mr Wace is believed to have been paid a similar amount.

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