Ilex Capital, the hedge fund founded by former Citadel traders Jonas Diedrich and Dave Sutton, sharply increased compensation for its highest-paid individual during its most recent financial year, alongside a significant rise in profits and assets under management, according to a report by Financial News London.
The report cites accounts filed with Companies House as revealing that the top-earning member of Ilex Capital Partners UK – who is not named – received £78m for the year ending 31 March, up from £20m in the previous financial year. Over the same period, the firm reported profits of £117m, representing a 290% increase year on year, driven by a £100m rise in turnover.
Founded in 2023, Ilex Capital began trading with less than $2bn in assets but has since expanded rapidly. The firm’s assets under management are now estimated at around $7bn, supported by strong investor inflows, including almost $2bn in new allocations between June and August this year.
Performance has also supported the firm’s growth, with Ilex Capital’s flagship fund delivering a return of 9.1% year to date through the end of November, according to data compiled by Bloomberg.
The hedge fund has continued to build out its investment team during 2025. Earlier in the year, it hired former Naya Management partner Adrien Brus as a portfolio manager, followed by the appointment of former Citadel money manager Sebastian Yoshida to a similar role in May.
