Saturday, May 12, 2018

They're in the money...

Mike Platt has been named Britain’s richest hedge fund manager with a £3bn fortune. Platt the co-founder and chief executive of Belgravia-based BlueCrest capital management, has increased his wealth by £600m over the past year to retain his crown as the richest hedge fund manager.

BlueCrest, which is not open to outside investors and only invests Platt and his partners’ wealth, made a 57% gain last year on top of a 20% increase in 2016. A Tory party donor, Platt also owns a Bombardier Challenger private jet and homes in London, Switzerland and the US. 

The second richest UK hedge fund manager is Robert Miller and his daughter, Princess Marie-Chantal of Greece, who increased their wealth by £420m to £2bn. Miller, the co-founder of the Duty Free Shoppers (DFS) chain, invests his family fortune via the Hong Kong-based hedge fund Search Investment Group.
Sir Michael Hintze, who runs CQS, is ranked third with a £1.4bn fortune. Hintze, who gave £1.5m to the Conservative party in 2014, increased his wealth by £100m.
The top 20 UK hedge fund managers are collectively worth more than £16bn.

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