BlueCrest Capital Management, a London-based hedge fund firm that has grown more than any European hedge fund in the 12 months to June 30, increased the average amount it pays its employees by 39% last year.

The total amount paid in wages and salaries increased from £26.9m in 2008 to £36m the following year. This is according to accounts for BlueCrest Capital Management Services Limited, whose principal activity is the provision of office, infrastructure and employment services to BlueCrest Capital Management LLP, the investment management business.