Asset Management

TwentyFour partners enjoy bumper payout as profits surge

Specialist fixed-income investment firm rewards strong performance with record compensation

TwentyFour is based on London's Cornhill near Bank
TwentyFour is based on London's Cornhill near Bank

TwentyFour Asset Management's partners shared a £7.7 million payout after its assets, revenues and profits surged in the year running up to its March 2015 agreement to sell a controlling stake to Swiss bank Vontobel, according to its latest accounts.

In the 12 months to March 31, 2015 - less than a week after the announcement of Vontobel's acquisition of a 60% stake in the London-based boutique - TwentyFour made £7.7 million in total payments to its partners, according to accounts filed at Companies House on January 15.

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