I found this article whilst searching for Hedge Funds and Private Equity, which I know RA is linked to. CA
Only five private equity executives would break into the top 50 of the hedge fund managers U.K. rich list
Imagine you are a careers adviser to a talented economics graduate from a top university looking to enter fund management – which industry should they enter to make the most money? Well, according to this year’s Sunday Times Rich List you are better off being a moderately successful hedge fund executive than almost anyone in private equity.
For the second year running Russian-born financier Alexander Knaster, the chief executive and founder of hedge fund and private
equity investor Pamplona Capital Management, is the wealthiest U.K.-based individual in the private equity industry with an
estimated personal fortune of £1.1 billion.
This places him in 77th position. He is followed for the second year by Rhône Capital co-founder Robert Agostinelli, who has
£650 million and came in a 136. But after that, the other top figures in the private equity industry, who are mostly better-known, are way down the list. Not including Sir Ronald Cohen – who co-founded Apax Partners but is no longer involved in the industry – and his wife Sharon Harel, whose wealth of £220 million placed them 356th, Better Capital founder Jon Moulton is the next-highest ranked private equity figure. Mr. Moulton is ranked 465th with an estimated personal fortune of £170 million.
To put this in context, Mr. Agostinelli would be the only private equity executive to make the top 25 of the richest hedge fund managers – Mr. Knaster is already on the list – where Alan Howard of his synonymous outfit Brevan Howard tops the rankings with £1.5 billion.
It is not all bad for the private equity millionaires. With the exception of Terra Firma’s Guy Hands, who with his wife Julia came 859th on £90 million which down £3 million and 46 places on last year, each of them rose the rich list rankings.
The next-best placed private equity figure was Simon Borrows, the 3i chief executive who made his money in a previous career in banking. He was 473rd with £169 million. After that secondaries guru Jeremy Coller of Coller Capital came in at 554 with £147 million and Richard Hanson, of Doughty Hanson fame, came in at 631 with £125 million.
Other figures to make the top 1,000 included former Permira chief Damon Buffini, who was 777th with £100 million, and Hamilton Bradshaw’s James Caan, who was 824th with £95 million.
But it is telling that only five of these private equity executives would break into the top 50 of the hedge fund managers rich list.