Platt tops hedge fund wealth league

Michael Platt, who runs BlueCrest Capital, is Britain’s richest hedge fund manager with a fortune of £2.1 billion, up £600 million on last year, according to The Sunday Times Rich List 2016 – the definitive guide to wealth in Britain and Ireland – to be published this weekend. Platt, who lives in Geneva, earned more than £500 million from BlueCrest Capital in 2015.

Alan Howard, co-founder of Brevan Howard, who shared top spot on the Hedge Fund Rich List last year, has fallen to fourth place, with his personal fortune now standing at £1.04 billion, down £460 million on 2015. The Brevan Master Fund fell 1.99 percent in 2015, with firm-wide assets under management almost halving in two years, to $23.7 billion.

Crispin Odey is no longer a billionaire. His fortune has fallen by £200 million to £900m. Odey saw profits at his hedge fund plunge to £84.1 million in 2015, from £174.2 million previously. His own pay was cut by £16 million to £31.8 million.

The 2016 Sunday Times Rich List – the definitive guide to wealth in Britain and Ireland – is published on Sunday, April 24. The 148-page special edition of The Sunday Times Magazine is the biggest issue of the Rich List ever published since it first appeared in 1989. It charts the wealth of the 1,000 richest people in the UK and the 250 richest in Ireland. The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies. It excludes bank accounts, to which the paper has no access.