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
£955m (£1,000m)
David Harding
3. David Harding, Winton Capital
£800m (£410m)
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.
Michael Platt, Bluecrest Capital
4. Michael Platt, Bluecrest Capital
£650m (£525m)
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
£580m (£550m)
6. Crispin Odey and Nichola Pease, Odey Asset Management
£455m (£453m)
7. Sir John Beckwith, Rivercrest Capital
£350m (£350m)
8. Stephen Butt, Silchester Partners
£340m (£325m)
9=. Paul Marshall, Marshall Wace
£315m (£300m)
9=. Ian Wace, Marshall Wace
£315m (£300m)
11=. Steven Heinz, Lansdowne Partners
£270m (£270m)
11=. Sir Paul Ruddock, Lansdowne Partners
£270m (£270m)
13=. Andy Hall, Astenbeck Capital Management
£260m (£250m)
13=. Greg Coffey, GC Macro Fund
£260m (£252m)
15=. Martin Hughes, Toscafund
£250m (£226m)
15=. Chris Levett, Clive Capital
£250m (New)
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
£230m (£193m)
17=. Jeremy Hosking, Marathon Asset Management
£230m (£193m)
17=. Neil Ostrer, Marathon Asset Management
£230m (£193m)
17=. Chris Rokos, Brevan Howard
£230m (£130m)
17=. Hugh Sloane, Sloane Robinson
£230m (£220m)
