The fortune of billionaire hedge fund manager Crispin Odey dwindled to mere millions last year

 
Emma Haslett
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So much for the champers: Odey's fortune dwindled by £200m in 2015 (Source: Getty)

The wealth of one of the UK's best-known hedge fund managers dwindled from billions to mere millions last year, new data has shown. The heart bleeds...

According to figures from the Sunday Times Rich List, the fortune of Crispin Odey - the outspoken founder of Odey Asset Management - fell £200m in 2015, from £1.1bn to £900m.

But Odey wasn't the worst hit by market volatility last year - that accolade belongs to Alan Howard, of Brevan Howard, whose wealth fell £460m, to £1.04bn.

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Martin Hughes, of Toscafund, also suffered - his wealth fell £140m, to £365m.

But there were some who increased their personal wealth, despite the volatility. BlueCrest Capital's Michael Platt's wealth increased by £600m, to £2.1bn, while Rokos Capital Management's Chris Roko's fortune rose £260m, to £660m.

Its hardly surprising the fortunes of many hedge fund managers dwindled: figures published in January showed 2015 was the worst performing year for hedge funds since 2011, with returns of just two per cent.

"The hedge fund industry has been exposed to much of the financial turmoil of 2015, from the continuing fall in commodities prices to the loss of confidence in the Chinese stock market," said Amy Bensted, head of hedge fund products at Preqin at the time.

"These have created very difficult conditions for many firms, and left some investors questioning the ability of the industry to properly hedge losses in other markets."

Maybe time to think about becoming rockstars? Figures out from the Sunday Times Rich List earlier this week showed the combined wealth of the Rolling Stones rose £630m last year. Not bad...

2016 rank 2015 rank Name Hedge fund Wealth Wealth increase/decrease
1 1= Michael Platt BlueCrest Capital £2.1bn Up £600m
2 4 Sir Michael Hintze CQS £1.28bn Up £50m
3 7 David Harding Winton Capital £1.15bn Up £150m
4 1= Alan Howard Brevan Howard £1.04bn Down £460m
5 5 Crispin Odey Odey Asset Management £900m Down £200m
6 8 Sir Chris Hohn Children's Investment Fund £720m Up £57m
7 11= Chris Rokos Brevan Howard/Rokos Capital Management £660m Up £260m
8 18 John Armitage Egerton Capital £500m Up £220m
9= 11= Paul Marshall Marshall Wace £465m Up £65m
9= 11= Ian Wace Marshall Wace £465m Up £65m
11 10 Andrew Law Caxton Associates £425m No change
12 41= William Bollinger Egerton Capital £400m Up £250m
13 9 Martin Hughes Toscafund £370m Down £140m
14 14= Yan Huo Capula Investment Management £365m Up £15m
15 16 Michael Cohen Och-Ziff Capital Management £335m No change
16 New Jeremy Hosking Marathon Asset Management £330m New
17 14= Sir John Beckwith RiverCrest Capital £302m Down £48m
18= 20= Jonathan Hiscock GSA Capital £300m Up £50m
18= 17 Sir Paul Ruddock Lansdowne Partners £300m No change
20 24 Nicolai Tangen AKO Capital £288m Up 63m

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