There are few jobs out there that are as lucrative as managing a hedge fund. As a hedge fund manager, if you know your justify from your right you could make a right financial killing every year. Going by the numbers they racked up in the previous year, it can be said that those on our list have a pretty good idea of what they are doing. After you go through our list you would be forgiven for wanting a career change, after all starting a hedge fund is not as difficult as you might initially think. The hard part is actually succeeding at it. Those on our list have and continue to do so, setting themselves far ahead of the pack. In ascending order, the UK’s highest earning hedge fund managers are:
Net Worth: £465 million
Ian Gerald Patrick Wace is the British born financier, and the cofounder of Marshall Wace Asset Management, a UK hedge fund based in London.
Ian sold off a 25% stake of the Marshall Wace Asset Management hedge fund to a private equity group in the US, KKR, making £50 million pounds in the deal. In addition to that, both Ian Wace and his cofounder, Paul Marshall, acquired £93 million pounds worth of KKR shares in the same deal. Not a bad way to highlight your year by any stretch of the imagination.
Sir Paul Marshall
Net Worth: £465 million
Sitting jointly with Ian on our list is his cofounder, Paul Roderick Clucas Marshall. Both men came together to found Marshall Wace Asset Management in 1997, and since then it has grown to one of the largest hedge fund groups in Europe. Last year both men made a profit of £206 million pounds from their hedge fund.
Paul Marshall was knighted in the 2016 Birthday Honours in recognition of his services to philanthropy and education.
Net Worth: £500 million
John Armitage made some bold bets last year…and made a financial killing for them. The Cambridge educated investor (who, would you believe, read modern history) went against the current sentiment of the time by betting against crashing energy stocks. In a year where most hedge fund managers were licking their wounds and counting losses in the double digits, Armitage made a cool £1.5 billion for those invested into his hedge fund. Given that he has a 50% stake in the hedge fund, Egerton Capital; it is easy to see how he makes our list. The fees due him for his services alone set him apart!
Net Worth: £660 million
Chris Rokos, the cofounder of Brevan Howard, had initially thrown in the towel and retired at the age of 41after he had made a financial windfall of £590 million pounds from the group. It’s hard to walk away from te ring while you are yet on top however, and he made his comeback into the financial game with the recent launching of the newly launched Rokos Capital Management.
He is notoriously reclusive, and as a result not much is known about his private life. There are also no pictures of him available in the public domain.
Sir Chris Hohn
Net Worth: £720 million
Sir Christopher Anthony Hohn is an English hedge fund manager, philanthropist and the founder of The Children’s Investment Fund Management (TCI). TCI is best known as a value-based investment fund that employs long term, owner-oriented engagement with publicly listed holdings. It is estimated that between the years between 2006 and 2011, Sir Chris Hohn gave away close to £1billion.
In 2015, TCI delivered a 14% return to its investors, and Sir Chris Hohn walked away with a cool £57 million pounds as a result.
Chris Odey and Nichola Pease
Photo Credit: thesun.co.uk
Net Worth: £900 million
Age: 55, 57
Crispin Odey is a controlling shareholder in Odey Asset Management, and is also the first one on this list to register a loss.
Crispin Odey suffered some devastating losses that saw his hedge fund plunge to £84.1 million pounds in 2015. As a result his salary at the hedge fund was cut from £31.8 million to £16 million.
He may no longer be a British Billionaire, but he remains one of UK’s the highest earning hedge fund managers.
Nichola Pease, his wife, made £26 million when she sold off her stock at JO Hambro Capital Management.
Net Worth: £1.04 billion
Howard lost a few places in many rankings this year due to the small loss registered by his Brevan Howard Master Fund which plummeted by 1.99% the previous year.
Along a similarly gloomy vein, the total assets under management by the UK firm has all but halved over the last 2 years to $23.7 billion.
Net Worth: £1.15 Billion
David Harding is a Cambridge educated physicist turned investor and hedge fund manager. His hedge fund, Winton Capital, has over £30 billion under its management. Before opening Winton Capital in 1997, Harding had previously cofounded Man AHL. Being the scientist he is, David advocates an evidence based approach for his trading decisions. He favours quantitative investment strategies, and using scientific research as the cornerstone of his trading decisions.
In the years since the launching of Winton Capital in 1997 David has been steadily making a financial killing, in the years since 2006 for example, he has bagged a whopping £437 million.
Sir Michael Hintze
Net Worth: £1.28 billion
Hintze is the head of the London based CQS and over saw a profit of £97.5 million in profits in 2014.
Net Worth: £2.1 Billion
Michael Platt, the cofounder of the London-based BlueCrest hedge fund, is the UK’s wealthiest hedge fund manager. Last year alone he earned more than £500 million.
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