Man Who Was Once Richest Hedge Fund Manager In Britain Finally Understands How The Other Half Lives
Alan Howard is very likely in no mood to celebrate the Queen's birthday this weekend, and may in fact be considering returning the set of commemorative plates he bought, now that he's fallen on hard times.
Howard, media-shy founder of Brevan Howard, has lost his top spot in the Sunday Times' list of Britain's richest hedge fund managers following a run of poor performances by his flagship fund. After heading the rankings since 2012, Howard slid to fourth place in this year's list, published on Friday, after taking a 460 million pound ($660 mln) hit to his personal fortune. That left Michael Platt, co-founder of BlueCrest, who tied with Howard last year, as the richest British-based hedge fund manager.