Rothschild, Sail Advisors' Miller Richest British Hedgies

May 6 2011 | 1:05pm ET

The Sunday Times won't publish its annual list of the 1,000 richest Britons until, well, Sunday, but the august broadsheet is offering an interesting glimpse in advance of its full release.

The Times said that Nathaniel Rothschild and Sail Advisors' Robert Miller are the richest hedge fund managers in the U.K. this year, with fortunes of about £1 billion (US$1.64 billion) each. That marks just a £50 million increase for Miller, but a tripling of Rothschild's personal fortune.

The two men displaced last year's richest British hedgie, Louis Bacon of Moore Capital Management. Which is not to say that either are richer than Bacon, whose fortune stands at US$1.7 billion, according to Forbes magazine, but indicates that Bacon, an American who had made London his primary residence for several years, is now spending most of his time in New York.

Brevan Howard Asset Management's Alan Howard also made the Sunday Times' top 100, with £975 million (US$1.6 billion), up £100 million.

The remaining top 10 hedge fund managers represent a significant drop off from that point. CQS's Michael Hintze follows Howard with £550 million (US$900 million), almost double his 2010 fortune. BlueCrest Capital Management's Michael Platt has £525 million (US$865 million), £150 million more than last year, while Odey Asset Management's Crispin Odey and Nichola Pease boast a £453 million (US$745 million) fortune, up more than 50% from last year.

Both Howard and Platt, who like Bacon have left the U.K., in their cases for the lower-tax haven of Geneva, Switzerland, remained eligible for the list, unlike Bacon, because they are British citizens.

David Harding of Winton Capital is worth £410 million (US$675 million), down £20 million from last year, while Thames River Capital's John and Peter Beckwith saw their net worth rise £20 million to £350 million (US$575 million). GLG Partners founder Pierre Lagrange, now with the Man Group, has £331 million (US$545 million) in assets, up from £207 million. Silchester Partners' Stephen Butt rounds out the group with £325 million (US$535 million), up £25 million.

All told, the Sunday Times Rich List will feature 50 hedge fund managers.


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