Odey and Lagrange among UK top 50 richest 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.

    Name                   Fund                                          Wealth

Alan Howard           

Brevan Howard                         £1.4bn
David Harding         Winton Capital Management        £900m

Alexander Knaster 

Pamplona Capital Management    £885m

Louis Bacon           

Moore Capital Management        £820m

Michael Platt          

Bluecrest Capital Management    £650m
Michael Hintze         CQS                                         £580m

Crispin Odey          

Odey Asset Management          £455m

Stephen Butt          

Silchester International Investors £380m
Osman Murgian       Winton Capital Management       £300m

 

This article was first published on Investment Week

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