Findlay Park partners took home £92.4m in income for the period ended in the midst of the Covid-19 breakout at the start of 2020.
The firm had turnover of £113m for the year ended 31 March 2020, compared to £99.1m in 2019.
Findlay Park earns its revenues entirely through ad valorem fees having dropped performance fees in April 2018.
The Findlay Park American fund launched in 1998 but is closed to new investors. Cornelian, Jupiter and Aberdeen Standard Investments are among the multi-managers with an allocation to the fund, according to FE Analytics. It has returned 12.4% in the year to date.
Members’ remuneration for the period, £92.4m, was equivalent to profits for the financial year. The payout was 18.5% higher than the £78m they took home in the preceding financial year, ended 31 March 2019.
The largest amount received by an individual was £25.4m compared to £23.4m in 2019. The average number of non-corporate members during the period was 12 compared to 11 the previous year. Findlay Park Investment Management, which provides administrative services to the LLP, is among the members.
James Findlay, Simon Pryke and Anthony Kingsley are listed as persons with significant control.
The US equity specialist said it had been keeping an eye on Covid but at that stage had not seen a significant impact on trading activity.
