Britain‘s wealthiest hedge fund managers revealed: City high-flyer, 51, tops the list after swelling his fortune to £3.7BILLION - but only two women make the grade
Britain‘s richest hedge fund managers have increased their joint wealth to an eye-watering £18bn over the past year.
Michael Platt of Belgravia-based BlueCrest Capital remains top of the pile with £3.7bn after his wealth ballooned by more than £700m in the last 12 months.
The Preston-born 51-year-old, who began to dabble in stocks as a teenager when his grandmother bought him £500 worth of shares, widened the gap over his rival hedgies who all, except two, swelled their wealth.
But the list lays bare a distinct lack of women occupying the most well-paid industry jobs at a time when gender equality in the City is under increased scrutiny.
Only two women feature on the list and these imbalances have come under fire from gender campaign groups such as the Women‘s Equality Party which told MailOnline that today‘s revelations are ‘disappointing but unsurprising‘.
Michael Platt, BlueCrest Capital Management - £3.7bn
A City chief executive who first started trading in the stock market when he was just a teenager has been named as Britain‘s richest hedge fund manager.
Michael Platt co-founded BlueCrest Capital Management in 2000 following almost a decade at banking giant JP Morgan.
Although he is a British citizen, and so is eligible for the list, he moved to Geneva in 2010 before relocating again to tax haven Jersey in 2014.
The billionaire reportedly has an enormous private art collection that features inside a secret showroom in the crypt of a dilapidated church in Marylebone.
Skulls, crucified monkeys and stuffed sparrow heads are also among the taxidermy sculptures which are showcased in the studio.
Robert Miller and Princess Marie-Chantal, Search Investment Group - £2.2bn
Second-placed Robert Miller, the CEO of Search Investment Group, is also the co-founder of the DFS retail chain.
The American-born hedgie owns the staggering 36,000-acre Gunnerside shooting estate in Yorkshire.
And he is the father of Princess Marie-Chantal who is the wife of Pavlos, the Crown Prince of Greece and heir to the Greek throne.
After a brief spell in Hong Kong, Marie-Chantal was schooled at the exclusive Institut Le Rosey in Switzerland where annual fees stretch above £100,000.
She reportedly began studying for a history of art degree in New York before dropping out following the Crown Prince‘s proposal to her on a skiing holiday in Switzerland.
Sir Michael Hintze, CQS - £1.5bn
A noted philanthropist, third-placed Sir Michael Hintze has given away about £75million in the past decade to arts, educational and veteran‘s causes, mostly through his Hintze Family Foundation.
But in 2011 it also emerged that the soldier-turned-banker bankrolled former Defence Secretary Liam Fox to the tune of £10,000 and made a series of personal donations to senior cabinet ministers, including then Prime Minister David Cameron.
Other payments to senior Tories when in Opposition include £37,500 to Mr Osborne, £25,000 to Higher Education Secretary David Willetts and £1,200 to current Prime Minister Mrs May.
In 2011, the Daily Mail reported that at the Belgravia headquarters of his CQS, one employee is tasked solely with opening the flood of letters which arrive daily, asking the celebrated philanthropist for money.
Sir Chris Hohn, TCI Fund Holdings - £1.2bn
Sir Chris, from Addleston, Surrey, is the son of a Jamaican-born car mechanic and has risen to lead one of the City‘s largest hedge funds.
He came under public scrutiny last year when he took a a 20 per cent pay cut from £215 million after profits at The Children’s Investment Fund surged 30 per cent to £278 million.
But the 52-year-old, who has reportedly given away more than £1bn to charity, is one of Britain’s most prolific philanthropists and was rewarded for his generosity when he was knighted four years ago
In 2017, he was at the centre of a boardroom battle at the London Stock Exchange in after spearheading a revolt against chairman Donald Brydon when chief executive Xavier Rolet was ousted.
Alan Howard, Bevan Howard - £1.02bn
Alan Howard, who accrued more than £30million in the past 12 months, boasts a large art collection and a £22million penthouse in Trump Tower.
In 2010, he made headlines after paying £25,000 for the singer Pixie Lott and boy band JLS to perform at his 13-year-old son Daniel’s bar mitzvah celebrations in 2010.
And in 2015, he forked out $14million for a swanky apartment in Miami, Florida.
But he has been lauded for setting up the Alan Howard Charitable Foundation which aims to promote Holocaust education and other Jewish and Israeli causes.
Ranked in 6th place, billionaire David Harding grabbed headlines earlier this year when he made the single largest ever donation to a British university when he gave £100m to the University of Cambridge, where he studied physics.
Yet among the generosity, many do not shy away from splashing their cash on exclusive properties and luxury goods.
Sir Paul Marshall, who is the father of Mumford & Sons lead guitarist Winston Marshall, recently bought an Inner Hebridean island for £1.7m to which he arrived in a helicopter before putting on a champagne reception.
The staggering increase in wealth has been put down to fluctuations in global markets which allows their stocks to rocket in a short space of time.
Robert Watts, the Compiler of , said: ‘Hedgies have the potential to gain and lose wealth much faster than almost anyone else on The Sunday Times Rich List.
Sunday Times Hedge Fund Manager Rich List 2019Hedge fund manager
Company Wealth 2019 increase/decrease Michael PlattBlueCrest Capital £3.7bn Up £700m Robert Miller and Princess Marie-Chantel Search Investment Group £2.2bn Up £200m Sir Michael Hintze CQS £1.5bn Up £120m Sir Chris Hohn TCI Fund Holdings £1.2bn Up £200m Alan Howard Brevan Howard £1.04bn Up £30m David Harding Winton Capital £1.02bn Up £20m Crispin Odey and Nichola Pease Odey Asset Management £775m Up £25m Chris Rokos Brevan Howard/Rokos Capital Management £775m No change Ross Turner Pelham Capital £626m Up £326m John Armitage Egerton Capital £600m Up £60m Sir Paul Marshall Marshall Wace £590m Up £70m Ian Wace Marshall Wace £590m Up £70m William Bollinger Egerton Capital £510m Up £60m Nicolai Tangen AKO Capital £500m Up £200m Andrew Law Caxton Associates £485m Up £10m Yan Huo Capula Investment Management £470m Down £5m Martin Hughes Toscafund Asset Management £460m Up £40m Jeremy Hosking Marathon Asset Management £375m Up £20m Jonathan Hiscock GSA Capital £350m Up £25m Sir Paul Ruddock Lansdowne Partners £305m Up £5m
‘Because they personally invest heavily in their own funds they can feel the financial pain more if their operation struggles.
‘But this has definitely been a better year for the hedgies on the Rich List - many who have enjoyed substantial winnings from a volatile stock market and turbulent geo-political climate.‘
Harini Iyengar, spokesperson for the Women‘s Equality Party said: ‘The Sunday Times‘ richest hedge fund manager list is disappointing but not surprising, as it illustrates the limited opportunities of women from everyday backgrounds at all levels in this country.
‘Not only are there merely two women in the top 20 but that pair of women share their spots with men.‘
Sam Smethers, chief executive of the Fawcett Society, said: ‘It‘s not surprising that there are so few women in the Sunday Times rich list.
‘The pay gap widens as we move up the income scale and the vast majority of wealth and assets are owned by men.
‘Redistributing from high earners to low earners would also redistribute from men to women.‘