This article takes a quick look at 5 of the wealthiest UK traders, with some brief insights into their methods and approaches to the markets. What they have in common is strong sense of daring and confidence tempered by informed perseverance and sensible caution.
With a current net worth of $13bn, Michael Platt started trading in the City with shares that were given him by his grandmother.
After joining J.P. Morgan in 1991, Platt quickly moved to become the head of trading for swaps products related to the Euro. He was a co-founder in 2000 of Blue Crest Capital Management.
His skill at trading enabled him to avoid the worst of the 2008 financial crisis, and by 2014 Blue Crest was Europe’s fourth largest hedge fund. In 2016 Blue Crest had a profit of nearly 50%, increasing to 54% in 2017.
His trading philosophy revolves, as he put it to Bloomberg, around 3 key rules: ‘Three things I won’t touch are exposure to banks, peripheral debt risk, and illiquid investments.’
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Robert Miller and his daughter, Princess Marie-Chantal, have a net worth of $2bn. Miller is an American-born British trader whose concept of investment in duty-free shopping brought him to start the company DFS in 1960.
In 1973, Miller founded Search Investment Group Ltd. It is amajor shareholder in Ortelius Capital Partners, an investment company founded by Prince Pavlos of Greece, Miller’s son-in-law. Miller also heads Search Alternative Investments, a global hedge fund operator.
This British-Australian businessman is the grandson of Russian emigrants who fled to China and then Australia after the 1917 Bolshevik Revolution. He holds several degrees, including an MBA from Harvard, and was a captain in the Australian army.
His asset management firm, CQS, was founded in 1999. As one of the world’s leading credit market operators, with awards for excellence in Institutional Hedge Fund Management, CQS’s main fund had increased by 30% in 2018.
Ranked number 5 on the FN100’s Most Influential list in the hedge funds category, Sir Michael has a net worth of around $1.8bn. He is also known for his wide philanthropic activities, especially in the fields of culture and the arts.
Chris Hohn is an activist investor who launched The Children’s Investment Fund Management (TCI) in 2003.
By 2004, more than $4.5bn in profits had been given to the Children’s Investment Fund Foundation, which is a registered charitable trust set up for improving the lives of children in developing countries.
In 2018, he earned 200 million GBP in dividend payments and was ranked 12th among the 25 top-earning investment fund managers.
In the 2019-2020 financial year, he earned $479 million, the highest annual UK earnings, and has a large stake in Heathrow Airport. He currently has a net worth of $5.9bn.
Howard is co-founder of Brevan Howard Asset Management, with a reported net worth of $1.6bn. After graduating with a masters degree from Imperial College, he began work at Salomon Brothers, investing in the ECU Eurobond market.
In 2019, having brought his firm to the apex of profitable achievement, Howard stepped down as CEO. This British billionaire is also invested in a number of charitable causes.
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