Biglari’s hedge fund receives $34.4M bonus

Biglari’s hedge fund receives $34.4M bonus

Investment gains yield substantial incentive fee from Biglari Holdings

Biglari Holdings Inc. paid a $34.4 million incentive fee last year to Biglari Capital Corp., the hedge fund controlled by the company’s chairman and CEO, Sardar Biglari, according to Biglari Holdings’ latest earnings report.

The fee was based on $166.2 million that Biglari Holdings recorded in investment gains made through the hedge fund in 2014.

The payment was noted during a report in which the company reported earnings growth of 381 percent in the last three months

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