Crispin Odey, the founder of Odey Asset Management, and Pierre Lagrange, the co-founder and fund manager of GLG, have both made it into a list of the UK's wealthiest hedge fund managers.
Crispin Odey, the founder of Odey Asset Management, and Pierre Lagrange, the co-founder and fund manager of GLG, have both made it into a list of the UK’s wealthiest hedge fund managers.
The Sunday Times newspaper has compiled a list of the wealthiest members of the UK’s thriving hedge fund industry.
Now only second to New York, London has 650 active hedge funds, managing assets worth £250bn.
Odey – who along with his wife also appears in the Sunday Times Rich List – is 7th among the top hedge fund managers in terms of wealth, with an estimated fortune of £455m between the two of them.
Odey – popular with UK retail investors as well as institutions and wealth managers – is one of the best known hedge fund managers to feature among the top 50.
Meanwhile Lagrange, who co-founded GLG in 2000 before making £135m in cash when it floated for £340m in 2007, is in 41st place. His firm (pictured) was taken over by GLG in 2010.
Now worth an estimated £120m, Lagrange too is well known among UK retail investors with some of his firm’s funds – such as Japan Core Alpha – on a number of influential buy-lists.
Below are the UK’s nine richest hedge fund managers.
|David Harding||Winton Capital Management||£900m|
|Pamplona Capital Management||£885m|
|Moore Capital Management||£820m|
|Bluecrest Capital Management||£650m|
|Odey Asset Management||£455m|
|Silchester International Investors||£380m|
|Osman Murgian||Winton Capital Management||£300m|
This article was first published on Investment Week