54 Hedge Fund managers join the 1,000 richest people in Britain

There are 54 hedge fund managers among the Richest 1,000 people in Britain in The Sunday Times Rich List 2012, to be published this weekend.

THE 20 RICHEST HEDGE FUND MILLIONAIRES

Alan Howard, who co-founded the Geneva-based hedge fund Brevan Howard in 2002, has trebled his personal wealth since 2009, to become one of the new billionaires in The Sunday Times Rich List 2012.

The Brevan Howard hedge fund had a stellar 2011, generating fees of $1.5 billion. The lion’s share will have gone to Howard. His personal fortune is now estimated to be £1.4 billion, up from £975m in 2011. In the 2009, Howard was worth £375m.

Brevan Howard’s successful year has also added £130m to the personal fortune of Chris Rokos, 41, who joins the hedge fund top 20 at 17=, worth £230m.

The highest riser in the hedge fund league is David Harding, 50, in 3^rd place, worth £800m. Harding has almost doubled his personal fortune on the strength of soaring profits at Winton Capital.

A new entrant to this year’s Rich List is Chris Levett, worth £250m, who launched London-based Clive Capital in 2007. Clive Capital is the world’s biggest commodities hedge fund with $4 billion under management.

The 24^th annual Sunday Times Rich List is published on Sunday, April 29, and profiles the 1,000 richest people and families in the UK and the 250 wealthiest in the island of Ireland. 

The 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).