Friday, April 27, 2012

Which Finance Types Will be on This Weekend's Sunday Times Rich List?

From Insider Monkey:
Richest Hedge Fund Millionaires in the UK and Ireland
We received an email about the richest hedge fund millionaires in the UK and Ireland. The Sunday Times created a definitive guide to the wealthiest individuals in Britain and Ireland: The Sunday Times Rich List. Looking at the 1,000 richest people in the UK and the top 250 in Ireland, the paper will also reveal those who made their fortune in finance.

The 2012 Rich List, which is published this weekend, will see 54 hedge fund managers take their place among the richest Britons.

Topping the league table of hedge fund managers is Alan Howard, co-founder of Geneva-based Brevan Howard.. Making his mark as one of the most newly made billionaires, Howard, 48, launched the hedge fund in 2002 and has trebled his personal wealth since 2009 after a stellar 2011 produced fees of $1.5 billion. The Sunday Times Rich List estimates his personal wealth to be £1.4 billion – a huge increase from £975m in 2011 and £375m in 2009.

Chris Levett is a newcomer to The Sunday Times Rich List with a fortune of £250m.. Levett launched London-based Clive Capital in 2007. Clive Capital is the world’s biggest commodities fund management company, with $4 billion under management.

The 24th annual Sunday Times Rich List is based on identifiable wealth (land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies), and excludes bank accounts (to which the paper has no access)....MORE, including the top 21 table.