The Sunday Times Rich List: The ups-and-downs of British hedge fund managers.
Michael Platt is richest hedge fund manager with £2.1 billion fortune
Alan Howard sees personal wealth drop by £460 million
After £200 million drop in his personal fortune Odey is no longer a billionaire
Michael Platt, who runs BlueCrest Capital, is Britain's richest hedge fund manager with a fortune of £2.1bn, up £600m on last year, according to The Sunday Times Rich List 2016 – the definitive guide to wealth in Britain and Ireland – to be published this weekend. Platt, who lives in Geneva, earned more than £500m from BlueCrest Capital in 2015.
Alan Howard, co-founder of Brevan Howard, who shared top spot on the Hedge Fund Rich List last year, has fallen to fourth place, with his personal fortune now standing at £1.04bn, down £460m on 2015. The Brevan Master Fund fell 1.99% in 2015, with firm-wide assets under management almost halving in two years, to $23.7bn.
Crispin Odey is no longer a billionaire. His fortune has fallen by £200m to £900m. Odey saw profits at his hedge fund plunge to £84.1m in 2015, from £174.2m previously. His own pay was cut by £16m to £31.8m.
|2016 rank||2015 rank||Name||Hedge fund||Wealth||Wealth increase/decrease|
|1||1=||Michael Platt||BlueCrest Capital||£2.1bn||Up £600m|
|2||4||Sir Michael Hintze||CQS||£1.28bn||Up £50m|
|3||7||David Harding||Winton Capital||£1.15bn||Up £150m|
|4||1=||Alan Howard||Brevan Howard||£1.04bn||Down £460m|
|5||5||Crispin Odey||Odey Asset Management||£900m||Down £200m|
|6||8||Sir Chris Hohn||Children's Investment Fund||£720m||Up £57m|
|7||11=||Chris Rokos||Brevan Howard/Rokos Capital Management||£660m||Up £260m|
|8||18||John Armitage||Egerton Capital||£500m||Up £220m|
|9=||11=||Paul Marshall||Marshall Wace||£465m||Up £65m|
|9=||11=||Ian Wace||Marshall Wace||£465m||Up £65m|
|11||10||Andrew Law||Caxton Associates||£425m||No change|
|12||41=||William Bollinger||Egerton Capital||£400m||Up £250m|
|13||9||Martin Hughes||Toscafund||£370m||Down £140m|
|14||14=||Yan Huo||Capula Investment Management||£365m||Up £15m|
|15||16||Michael Cohen||Och-Ziff Capital Management||£335m||No change|
|16||New||Jeremy Hosking||Marathon Asset Management||£330m||New|
|17||14=||Sir John Beckwith||RiverCrest Capital||£302m||Down £48m|
|18=||20=||Jonathan Hiscock||GSA Capital||£300m||Up £50m|
|18=||17||Sir Paul Ruddock||Lansdowne Partners||£300m||No change|
|20||24||Nicolai Tangen||AKO Capital||£288m||Up £63m|
The 2016 Sunday Times Rich List – the definitive guide to wealth in Britain and Ireland - is published on Sunday, April 24. The 148-page special edition of The Sunday Times Magazine is the biggest issue of the Rich List ever published since it first appeared in 1989. It charts the wealth of the 1,000 richest people in the UK and the 250 richest in Ireland. The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies. It excludes bank accounts, to which the paper has no access.
The Sunday Times Rich List is compiled by Philip Beresford and Robert Watts, and edited by Ian Coxon. The complete list will be available to all the paper's digital members and will be fully-searchable online at thesundaytimes.co.uk/