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Profit rise fuels bumper payday at Tudor in Europe

Hedge fund managers at Tudor Capital Europe have shared a pot of over $60m for the year ended March 31

The European arm of the Tudor Group, the US hedge fund founded by Paul Tudor Jones II, paid its staff a bumper $62m last year after a profitable 2011, despite the travails of the eurozone.

The 20 members of Tudor Capital Europe were paid $62.6m for the 12 months to March 31, according to a Companies House filing. This compared to the $8m that was paid to the firm's two European staff in the previous financial year, which covered the 15 months to March 31, 2011.

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