Spare a thought for Alan Howard, co-founder of hedge fund Brevan Howard. After a tumultuous year, Howard is £100m worse off. £100m! Really, though, that’s a drop in the ocean of his personal fortune – Howard still has £1.5bn to fall back on, making him (still) the richest hedge fund manager in the UK.
The Sunday Times has just unveiled its rich list of hedge fund managers and Howard retains the number one slot. However, Michael Platt, CEO of expansionary hedge fund BlueCrest Capital Management now has the same net worth as Howard, despite his fortune remaining the same over the past 12 months.
But Crispin Odey, CEO of Odey Asset Management and he of six-figure “Cluckingham Palace” chicken house fame, was the biggest gainer. He increased his personal fortune by a massive £580m last year, suggests the research.
Meanwhile, Chris Rokos, the former Brevan Howard star trader who spent much of last year embroiled in a legal battle with his former employer, still managed to make £170m.