New Hedge Fund Rich threw Sunday Times
1. Alan Howard, Brevan Howard
2012 wealth £1,400m (2011 wealth £975m)
The Brevan Howard hedge fund generated fees of $1.5bn. The lion’s share will have gone to Howard. His personal fortune is now estimated to be £1.4bn by The Sunday Times Rich List, up from £975m in 2011. In the 2009 Rich List Howard was worth £375m.
Brevan Howard’s successful year has also added £130m to the personal fortune of Chris Rokos, 41, who joins the hedge fund top 20 at 17=, worth £230m. The highest riser in the hedge fund league is David Harding, 50, in 3rd place, worth £800m. Harding has almost doubled his personal fortune on the strength of soaring profits at Winton Capital.
2. Robert Miller, Sail Advisors
3. David Harding, Winton Capital
London’s commodities king tried to join Wall Street after graduating, but all the American investment banks he applied to turned him down. He took a trainee position at a small broker, then became a futures trader at one of the U.K.’s first futures funds. In 1987 he co-founded a quant-driven firm, AHL, which sold to Man Group. In 1997 he founded his second firm, Winton, his middle name, now the world’s biggest managed futures firm with $27 billion under management. Net returns of 6.3% in 2011. Likes punk rock, hiking. Did textual analysis of the bible.
4. Michael Platt, Bluecrest Capital
The 43-year-old co-founded BlueCrest Capital Management in late 2000 after nearly a decade at JP Morgan. Since then, BlueCrest has amassed nearly $30 billion in assets under management, making it one of Europe’s biggest hedge fund firms. Platt’s multi-strategy BlueCrest International fund, which capitalizes on currency and interest rate based bets, returned a net of 6.13% in 2011.
5. Michael Hintze, CQS
6. Crispin Odey and Nichola Pease, Odey Asset Management
7. Sir John Beckwith, Rivercrest Capital
8. Stephen Butt, Silchester Partners
9=. Paul Marshall, Marshall Wace
9=. Ian Wace, Marshall Wace
11=. Steven Heinz, Lansdowne Partners
11=. Sir Paul Ruddock, Lansdowne Partners
13=. Andy Hall, Astenbeck Capital Management
13=. Greg Coffey, GC Macro Fund
15=. Martin Hughes, Toscafund
15=. Chris Levett, Clive Capital
A new entrant to this year’s Rich List is Chris Levett, worth £250m, who launched London-based Clive Capital in 2007. Clive Capital is the world’s biggest commodities hedge fund with $4bn under management.
17=. William Arah, Marathon Asset Management
17=. Jeremy Hosking, Marathon Asset Management
17=. Neil Ostrer, Marathon Asset Management
17=. Chris Rokos, Brevan Howard
17=. Hugh Sloane, Sloane Robinson