The 11 richest hedge fund managers in Britain

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Chris Hohn.

The Brexit vote battered the fortune one of Britain’s richest hedge fund managers — Crispin Odey.

The newspaper, which lists the 1,000 wealthiest individuals and families in the UK, ranked the richest hedge fund managers in Britain.

Odey lost £125 million in 2016 after betting against the UK economy, which saw him slip down The Sunday Times Rich List, according to a preview of the rankings.

However, his fortune is still considerable. His net worth, combined with his wife Nichola Pease, sits at £775 million.

Meanwhile, a number of other fund managers, in the top 11 saw their fortunes increase by £40 million to £300 million. Check out who made the list:

T=10. Ian Wace

Net worth: £505 million

Wace, one of the duo that makes up the Marshall Wace, sold a 25% stake in their hedge fund to the US private equity group KKR, making £50 million.

Both Wace and Paul Marshall also gained £93 million worth of KKR shares in the deal. 

Wace is married to model Saffron Aldridge (pictured).

T=10. Paul Marshall

Net worth: £505 million

Marshall, alongside Wace, saw his net worth rise by £40 million this year at Marshall Wace last year. Fun fact: Marshall’s son Winston is a member of the globally famous band Mumford & Sons (pictured).

9. John Armitage

Net worth: £540 million

Armitage, who runs Egerton Capital, made a killing in 2015 after betting against crashing energy stocks. Armitage has a 50% stake in the group, meaning his dividends are pretty stellar. His fortune rose by £40 million over the year.

8. Chris Rokos

Net worth: £700 million

The cofounder of Brevan Howard initially retired at the age of 41 after he made £590 million from the group. However, he’s now back in the game with the recently launched Rokos Capital Management. His fortune rose by £40 million since the previous year’s list.

He is notoriously private and not much is known about his private, nor are there many pictures of him in the public domain. 

7. Crispin Odey and Nichola Pease

Net worth: £775 million

Odey was once a British billionaire.

He is a controlling shareholder in Odey Asset Management which has $13.4 billion in assets under management. He personally lost £200 million as profits at his hedge fund plunged to £84.1 million in 2015. His salary from Odey Asset Management was also slashed from £31.8 million to £16 million.

In 2016, despite being a Vote Leave supporter, Brexit cost him a huge sums after he bet against the UK economy after the Brexit vote in June last year.

His wife, Nichola Pease made £26 million when she sold her stake in JO Hambro Capital Management.

Combined they lost a further £125 million over 2016.

6. Sir Chris Hohn

Net worth: £820 million

TCI Funding Holdings has £6.7 billion of assets under management and had a stellar year — it delivered a 14% return in 2015. Hohn took home £57 million.

However, in 2014, Hohn had to fork out £337 million to ex-wife Jamie Cooper when they divorced.

5. Alan Howard

Net worth: £1.04 billion ($1.49 billion)

Howard’s position fell this year due to his Brevan Howard Master Fund falling by 1.99% last year.

Meanwhile, assets under management for the whole firm have almost halved over the last two years to $23.7 billion. 

4. Sir Michael Hintze

Net worth: £1.28 billion 

Hintze’s London-based hedge fund CQS made £95.7 million in profit in 2014 and doled out  £23 million in dividends.

The former Australian army captain’s CQS group manages £9.7 billion in client funds.

3. David Harding

Net worth: £1.3 billion

Harding is a Cambridge-educated physicist who manages $30 billion worth of clients’ cash at his firm Winton Capital.

Harding, who founded the hedge fund in 1997, has received £437 million in dividends since 2006. His fortune grew by £150 million over 2016.

2. Robert Miller and Princess Marie-Chantal and family

Net worth: £1.58 billion

Robert Miller made his fortune through co-founding the Hong Kong-based Duty Free Shoppers chain in 1960. 

He retains a 38.75% stake in the group despite selling it to LVMH in 1998.

Nowadays, most of his wealth is “tied up in Search Investments, which has managed his money since 1974. Miller sold his private equity operation, Squadron Capital, in 2012. It had $1.5 billion in assets under management,” said the Sunday Times.

His daughter Marie-Chantal Miller was born in London, England, and is the Crown Princess of Greece, Princess of Denmark after marrying  Pavlos, the son of former King Constantine II of Greece, who was deposed in 1973.

1. Michael Platt

Net worth: £2.4 billion

Platt, the cofounder of London-based BlueCrest hedge fund, sold a 25% stake in the Man fund in 2003 for £105 million. BlueCrest then bought back that stake in 2011 for £387 million. He earned more than £500 million in 2015.

In 2016, his fund reported a 50% gain during 2016 and his wealth increased by £300 million.

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.

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