Thursday, 28 August 2014
Last updated 9 hours ago
Apr 27 2012 | 4:49am ET
Brevan Howard Asset Management founder Alan Howard is the richest hedge fund manager in the U.K.—even if he doesn't live there any more.
Howard's personal fortune rose 44% last year to £1.4 billion, pushing him past one of last year's top-finishers among hedgies on The Sunday Times' "Rich List," Sail Advisors' Robert Miller. Miller took second on this year's list of the richest hedge fund managers in Britain with a £955 million fortune.
Nathaniel Rothschild, who tied Miller last year, was absent from this year's top 20 hedge fund managers list, something of an appetizer before Sunday's release of the full 1,000-strong list of Britain's wealthiest people.
Miller's predecessor as Britain's richest hedge fund manager, Moore Capital Management's Louis Bacon, was booted from the list last year because he is spending more time in his native United States. Howard and BlueCrest Capital Management's Michael Platt, British citizens both, were spared that indignity despite the fact that both now call Switzerland home.
Platt is the fourth-richest hedge fund manager on the list with £650 million, just behind Winton Capital's David Harding with £800 million—almost twice his fortune last year.
CQS founder Michael Hintze rounded out the top five richest hedgies in the U.K. with a fortune of £580 million.
20 Richest Hedge Fund Managers in Britain
|hedge fund manager||firm||2012 net worth||2011|
|Alan Howard||Brevan Howard Asset Management||£1.4 billion||£975 million|
|Robert Miller||Sail Advisors||£955 million||£1 billion|
|David Harding||Winton Capital||£800 million||£410 million|
|Michael Platt||BlueCrest Capital Management||£650 million||£525 million|
|Michael Hintze||CQS||£580 million||£550 million|
|Crispin Odey||Odey Asset Management||£455 million||£453 million|
|John Beckwith||Rivercrest Capital||£350 million||£350 million|
|Stephen Butt||Silchester Partners||£340 million||£325 million|
|Paul Marshall||Marshall Wace Asset Management||£315 million||£300 million|
|Ian Wace||Marshall Wace Asset Management||£315 million||£300 million|
|Steven Heinz||Lansdowne Partners||£270 million||£270 million|
|Paul Ruddock||Lansdowne Partners||£270 million||£270 million|
|Andrew Hall||Astenbeck Capital||£260 million||£250 million|
|Greg Coffey||Moore Capital Management||£260 million||£252 million|
|Martin Hughes||Toscafund Asset Management||£250 million||£226 million|
|Chris Levett||Clive Capital||£250 million||no estimate|
|William Arah||Marathon Asset Management||£230 million||£193 million|
|Jeremy Hosking||Marathon Asset Management||£230 million||£193 million|
|Neil Ostrer||Marathon Asset Management||£230 million||£193 million|
|Chris Rokos||Brevan Howard Asset Management||£230 million||£130 million|
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...