Thursday, 29 January 2015
Last updated 59 sec ago
Apr 23 2010 | 11:09am ET
An American is Britain’s wealthiest hedge fund manager—one of 50 hedge fund managers to earn a coveted spot on The Sunday Times of London’s august Rich List.
Moore Capital Management chief Louis Bacon’s £1.1 billion fortune placed him atop the list of the U.K.’s richest hedgies, edging out Sail Advisors’ Robert Miller, who took the top spot last year. Bacon’s wealth increased by 69% last year from £650 million; Miller’s horde rose 27% to £950 million from £750 million.
Bacon ranked 49th on the overall Times list, which included “the most” hedge fund managers “in recent years,” according Sunday Times editor Ian Coxton. In March, Forbes ranked Bacon as the 655th-richest man in the world, tied for 36th among alternative investments billionaires.
The head of the largest hedge fund in Europe enjoyed the largest percentage increase in his fortune last year: Alan Howard, founder of Brevan Howard Asset Management, saw his wealth more than double to £875 million, up from £375 million, good enough for 66th place on the overall Times list.
Winton Capital Management’s David Harding is the fourth-richest hedge fund manager in Britain (and tied for 158th overall) with £430 million, while BlueCrest Capital Management’s Michael Platt and William Reeves are tied for fifth (and 179th) on £375 million.
Banking scion Nathaniel Rothschild, co-chairman of Atticus Capital, has £330 million (tied for 204th).
Rounding out the top 10 is a four-way tie for eighth place (and 229th place overall) with £300 million: Silchester International’s Stephen Butt, CQS’s Michael Hintze, and Paul Marshall and Ian Wace of Marshall Wace Asset Management.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…