Illusive trader Alan Howard has been ranked the wealthiest hedge fund manager as part of the Sunday Times Rich List, after his fund managed to outperform through the eurozone crisis last year.
Howard, who is co-founder of one of Europe's largest hedge funds Brevan Howard, grew his total wealth by 44% to £1.4bn, the Sunday Time Rich List will reveal this weekend, according to Reuters. Brevan Howard's flagship offering, the $27bn Master fund, gained over 12% in 2011 after betting on global bonds not pricing in the global economic slowdown. Howard is a former Credit Suisse trade, who escaped the UK's top rate taxes when he moved to Switzerland in 2010. The Sunday Times Rich List revealed the top 10 managers added £972m to their personal wealth last year, despite the overall...
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