There are 61 hedge fund managers, worth £75m or more, in the list of Britain’s richest 1,000 people recently published by the Sunday Times. The list of the top 25 is given below.
Alan Howard, who heads Brevan Howard, is Britain’s richest hedge fund manager, with a personal fortune of £1.5 billion, according to the 25th annual Sunday Times Rich List. Ranked 48= overall in the 2013 Sunday Times Rich List, Howard retains his place among the country’s 50 richest people.
The wealthiest new entrant to The Sunday Times Hedge Fund Rich List for 2013 is Michael Cohen, worth £300m, who was head of Och-Ziff Capital Management until last month.
THE TOP HEDGE FUND MANAGERS ON THE SUNDAY TIMES RICH LIST 2013
(FORTUNES INCLUDE FAMILY WEALTH)
Although it is still credible to call the hedge fund management firm after the founder if you are a former prop trader, most of the Hedge Fund Rich List do not. The firms in this minority of the Top 25 prepared to show a bit of ego at inception were Brevan Howard, Odey Asset Management, GC Macro and Marshall Wace. A couple of the Top 25 on the Hedge Fund Rich List followed the Moore Capital precedent and name their firm after someone else – those being Clive Capital and Winton Capital, though there is a case that Toscafund could be added to that list.
Other hedge fund related names on the Rich List include:
Mark Coombs and Jerome Booth of Ashmore are ranked 61st and 425th on the Rich List respectively (worth £1,236m and £189m according to the Sunday Times. Booth is ranked just above Keith Richards, and Coombs just above Lord Ashcroft and Sir Charles Dunstone.
Roger Guy, the former cuckoo in the Gartmore nest, accorded a net wealth of £200m by the Sunday Times.
Chris Mills, the activist investor, £200m, ranking him =387th on the List.
Elizabeth Holstein, 29 year old IR at Clive Capital, is credited with a net worth of £25m by the Sunday Times because of her 5% equity ownership in the commodity manager, and based on AUM of $4bn. After two years of losses the current AUM are less than half that, and the fees for the Clive Fund have been trimmed to the industry standard 2 and 20. Ms Holstein will be earning her crust now.
David and Jonathan Rowland, owners of Banque Havilland, with commodity and hedge fund interests through Blackfish Capital Management. Family wealth rated at £700m by the Sunday Times (=126th).
Kaveh Alamouti is CEO of Citadel Europe LLP and runs the firm’s global macro strategy. Wealth of £130m.
The principals of Sloane Robinson have had a management shuffle recently, but the big three remain in place at the firm and in the Rich List: Richard Chenevix-Trench with £130m, and George Robinson and Hugh Sloane are both credited with a net worth of £180m.
Bill Bollinger may have retired from Egerton Capital but he is actively involved in Judico Capital and retains a substantial interest in Egerton – total credited wealth of £100m. His former partner John Armitage is said to be worth £150m.