Tuesday, 26 May 2015
Last updated 20 min ago
Nov 26 2012 | 11:49am ET
Brevan Howard Asset Management founder Alan Howard is Britain's richest hedge fund manager—by a comfortable margin.
Howard's fortune stands at £1.4 billion, according to the Sunday Times' biannual rich list. That's a full half-billion pounds more than the second-richest hedge fund manager in the U.K., Winton Capital Management's David Harding, who boasts a fortune of £900 million.
None of the U.K.'s nine richest hedge fund managers made the newspaper's top 20 among their fellow British billionaires and millionaires.
While Howard has a healthy lead over Harding, there's not a huge disparity between Harding and the third- and fourth-richest hedge fund managers in Britain. Pamplona Capital Management's Alexander Knaster has £885 million in the bank, and Moore Capital Management's Louis Bacon has £820 million.
Knaster didn't even make the list in April. Neither did Bacon, although the American citizen was booted not due to a precipitous drop in his fortune but because he was spending too much time in his native country. Howard and Michael Platt—BlueCrest Capital Management's chief, who made fifth on the Hedge Fund Rich List with £650 million—no longer live in the U.K., but remain eligible for the list as British citizens.
The top nine is rounded out by CQS' Michael Hintze with £580 million, Odey Asset Management's Crispin Odey with £455 million, Silchester International Investors' Stephen Butt with £380 million and Winton's Osman Murgian with £300 million.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…