Odey Is Big Riser In Hedge Fund Rich List

From Hedge Fund Insight staff

Alan Howard, co-founder of Brevan Howard, and Michael Platt, of BlueCrest Capital, jointly head the list of Britain’s wealthiest hedge fund managers, each with £1.5bn fortunes, in The 2015 Sunday Times Rich List, to be published this Sunday, April 26. The 128-page special edition of The Sunday Times Magazine reveals the wealth of the 1,000 richest people in Britain.

There are seven billionaire hedge fund managers in The 2015 Sunday Times Rich List, compared with just four in 2014. Crispin Odey and Nichola Pease, now sharing at £1.1bn fortune, have seen their joint wealth rise by £580m in the past 12 months, thanks to the success of Odey Asset Management. Its profits trebled to a record £174m in 2013-14, with Odey earning £47.8m.

David Harding, who runs Winton Capital and is another new hedge fund billionaire, has added £250m to his wealth in a year. Profits at Winton last year rose to £199m. Since 2006 it has paid nearly £690m in dividends, with Harding receiving £378m.

related articles:
The Sunday Times Hedge Fund Rich List 2013 (Apr 2013)
Moore Capital’s Bacon Tops the UK Hedge Fund Rich List (April 2010)