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Wadhwani hit by slump at hedge fund.
- Article from:
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Sunday Business (London)
- Article date:
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September 22, 2007
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Copyright informationCOPYRIGHT 2007 Sunday Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: helen dunne
Sep. 22--Sushil Wadhwani, a former member of the Bank of England's monetary policy committee, suffered a close to two-thirds slump in the annual payout from his eponymous hedge fund to [pounds sterling]2.73m ($5.4m, e3.9m) last year.
The collapse in his payout from Wadhwani Asset Management came as management and performance fees fell from [pounds sterling]18.4m to [pounds sterling]12m in the year to last October, according to documents filed at Companies House.
This year, the Kenyan-born 47-year-old, a former director of equity strategy at Goldman Sachs, closed Keynes, his flagship macro hedge fund, to concentrate on computer-driven trading.
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