Michael Platt, who runs BlueCrest Capital, is Britain's richest hedge fund manager with a fortune of GBP2.1 billion, up GBP600m on last year, according to The Sunday Times Rich List 2016, which is due to be published this weekend.
Platt, who lives in Geneva, earned more than GBP500m 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 GBP1.04 billion, down GBP460m on 2015. The Brevan Master Fund fell 1.99 per cent in 2015, with firm-wide assets under management almost halving in two years, to USD23.7 billion.
Crispin Odey is no longer a billionaire. His fortune has fallen by GBP200 million to GBP900 million. Odey saw profits at his hedge fund plunge to GBP84.1 million in 2015, from GBP174.2 million previously. His own pay was cut by GBP16 million to GBP31.8 million.
