The results for Britain’s richest hedge fund managers of 2010 are in. According to the annual Sunday Times Rich List 2010, Telegraph reports that Louis Bacon, one of the 50 richest people in Britain and billionaire founder and manager of hedge fund Moore Capital, takes first place with £1.1 billion, a 69% increase from £650 million in 2009. His firm, which he founded in 1989, manages a number of hedge funds, including the Remington Investment Strategies, Moore Emerging Markets, and the Moore Global Fixed Income Funds.
Alan Howard takes third place, behind Robert Miller of Sail Advisors, with £875 million, a 133% increase from £375 million in 2009. Mr. Howard founded global hedge fund manager Brevan Howard Asset Management in 2002.
Michael Platt and William Reeves of BlueCrest Capital Management share fifth place with £375 million, a 50% increase from 2009’s £250 million. Both former Managing Directors and senior proprietary traders at JP Morgan, the two men founded alternative investment manager BlueCrest in 2000.
According to Telegraph, the combined wealth of Britain’s top three managers, Mr. Moore, Robert Miller of Sail Advisors, and Mr. Howard, increased by £1.5 billion last year. Mr. Miller takes second place with £950 million and David Harding of Winton Capital follows Brevan Howard in fourth place with £430 million. Nat Rothschild of Atticus Capital takes seventh with £330 million, while Stephen Butt of Silchester International, Michael Hintze of CQS, and Paul Marshall and Ian Wace of Marshall Wace tie for eighth with £300 million. |
