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Hedge fund chief’s pay cheque halves
09.06.09
Peter Clarke, chief executive of the UK's largest hedge fund manager, Man Group, had his pay chopped by 52% last year after MG's profits tumbled by 40%.
Clarke's annual bonus was slashed from $10.7 million (£6.7 million) to just $6 million, taking his total package down from $14.5 million to $6.9 million.
Clarke wasn't alone. Across the group bonuses fell from £436 million to £250 million.
