Members of the hedge fund manager Brevan Howard Asset Management saw their collective pay and profit pool exceed £100m last year — thanks in part to cost cuts made during a difficult period for the firm.

Brevan Howard's 28 members, which include both individual partners and corporate entities, shared £106.6m for the 12 months to March 2017, up from £97.7m the year previously, according to accounts filed with Companies House in late December.