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The 11 richest hedge fund managers in Britain

Published by Business Insider on Fri, 05 May 2017


The Brexit vote battered the fortune one of Britain's richest hedge fund managers ' Crispin Odey.The newspaper, which lists the 1,000 wealthiest individuals and families in the UK, ranked the richest hedge fund managers in Britain.Odey lost 125 million in 2016 after betting against the UK economy, which saw him slip down The Sunday Times Rich List, according to a preview of the rankings.However, his fortune is still considerable. His net worth, combined with his wife Nichola Pease, sits at 775 million.Meanwhile, a number of other fund managers, in the top 11 saw their fortunes increase by 40 million to 300 million. Check out who made the list:T=10. Ian WaceNet worth: 505 millionWace, one of the duo that makes up theMarshall Wace,sold a 25% stake in their hedge fund to the US private equity group KKR, making 50 million.Both Wace and Paul Marshall also gained93 million worth of KKR shares in the deal.Wace is married tomodel Saffron Aldridge (pictured).T=10. Paul MarshallNet worth: 505 millionMarshall, alongside Wace, saw his net worth rise by 40 million this year atMarshall Wace last year.Fun fact: Marshall's son Winston is a member of the globally famous band Mumford & Sons (pictured).9. John ArmitageNet worth: 540 millionArmitage,whoruns Egerton Capital, made a killing in 2015afterbetting against crashing energy stocks. Armitage has a 50% stake in the group, meaning his dividends are pretty stellar. His fortune rose by 40 million over the year.See the rest of the story at Business Insider
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