Hedge Fund Founder Alan Howard Swells Tory Coffers with £1m Donation (Sky News)
The hedge fund founder Alan Howard has delivered a boost to Conservative Party coffers with a £1m donation as political fundraising intensifies in the run-up to the next general election. Sky News has learnt that the City financier has pledged the seven-figure sum in what is understood to be his largest single donation to the party to date. Mr Howard is the co-founder of Brevan Howard Asset Management and one of Britain’s most successful hedge fund managers. Based in Switzerland, he was placed at number 100 in this year’s Sunday Times Rich List with a fortune of £1.75bn.
Soros CIO Dawn Fitzpatrick Says Agency Mortgage-Backed Securities Are Cheap (Bloomberg)
Dawn Fitzpatrick, chief investment officer of Soros Fund Management, says agency mortgage-backed securities present a uniquely interesting investing opportunity. “Two-thirds of your current holders — it’s central banks and banks — have turned into sellers,” she said Wednesday at the Bloomberg Invest conference in New York. “The valuations in that space have gotten disproportionately cheap relative to other asset classes.”
Preston-Born Hedge Fund Manager Michael Platt Features in 10th Place on the UK’s Wealthiest List (Lep.co.uk)
Preston-born Michael Platt features in 10th place as one of the richest people residing in the UK: The 53-year-old co-founder and chief executive of BlueCrest Management – Europe’s third-largest hedge-fund firm which he co-founded in 2000, has seen his personal wealth rise in the last year by a further £1.5bn to £11.5bn. He also ranked number one in the 2023 Sunday Times Rich List in the north west. The team at Slingo have sourced the net worth of the UK’s wealthiest residents and analysed their nationality, age, job and gender.
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Hedge Fund Billionaire Ken Griffin Thinks ‘the A.I. Community is Making a Terrible Mistake’ by Spreading Hype about the New Tech (Fortune)
Ken Griffin, the hedge fund billionaire, is simply one of the biggest names in finance. His Citadel Securities had a record-breaking $16 billion return last year, when many were wrongfooted by a brutal bear market. Now A.I. has the market soaring, but Griffin is again twisting where others are turning. “I do think the A.I. community is making a terrible mistake by being full of hype on the near-term implications of generative A.I.,” he said at an internship kickoff event in Fort Lauderdale on Tuesday. “I think they’re actually doing everybody a huge disservice with the level of hype they are creating.”
Man Group CEO Says Central Banks have Made Little Difference to Inflation (Reuters)
Hedge fund Man Group (EMG.L) Chief Executive Luke Ellis believes central banks have not tamed inflation and threats to the broader economy persist, he said on Wednesday. “The bigger picture is that central banks think they’ve done a lot but they haven’t really made much difference to inflation at all,” Ellis said at a press event. Rate rises have made a dent in manufacturing but not in services, he added.
