Andrew Law | |
---|---|
Born | Andrew Eric Law June 1966 (age 56–57) Cheadle Hulme, Stockport, England |
Education | Cheadle Hulme High School Sheffield University |
Occupation | Financier |
Employer | Caxton Associates |
Political party | Conservative |
Spouse | Zoë Purvis |
Andrew Eric Law (born June 1966) is a British financier, hedge fund manager and philanthropist. He is the chairman, chief executive officer (CEO), and major shareholder of Caxton Associates, a hedge fund headquartered on Berkeley Square in London. He is a major donor to the Conservative Party.
Andrew Eric Law was born in June 1966, [1] and raised in Cheadle Hulme near Stockport, England. [2] [3] His father was a mechanical engineer and his mother was a nurse. [2] He was educated at Cheadle Hulme High School. [2] He graduated from the University of Sheffield in Sheffield, South Yorkshire, with a First Class honours degree in Economics in 1987. [4] [5] [6]
He started his career in finance at County NatWest, now known as NatWest. [2] [4] He then worked as a trader at the Chemical Bank. [2] [4] [6] In 1996, he joined Goldman Sachs, later becoming a managing director, where he oversaw FICC. [4] [6]
He started working at Caxton Associates in London in 2003. [4] [6] In 2008, he became its chief investment officer. [4] [5] [7] Since 2012, he has been its chairman and chief executive officer. [5] [6] [7] Law is the company's main shareholder. [8]
In 2017, Caxton Associates made £7.3 million profit, down from £95.8 million in 2016. [8]
Between May 2010 and January 2015, he donated £947,911 to the Conservative Party, making him its 11th biggest donor in this period. [9] In May 2017, he gave £250,000 to the Conservative Party. [10]
During the 2019 United Kingdom general election campaign Law donated £413,750 to the Conservative Party. [11]
He co-chairs the Law Family Charitable Foundation with his wife. [4] They support many non-profit organisations, including the Policy Exchange, a think tank based in Westminster. [4] In 2014, they donated £1 million to The Lowry in Salford, where the spaces inside the Main Gallery were renamed The Andrew and Zoë Law Galleries. [12] [13] In 2022, the Foundation provided the £8.1 million funding for the Lowry to purchase L.S.Lowry's Going to the Match, the 1953 painting of people on their way to watch a Bolton Wanderers match at the former Burnden Park stadium. [14]
In 2021 the Law Family Charitable Foundation donated £5.85m to the University of Sheffield to launch a new student support programme and search for new therapies for a range of incurable and debilitating diseases. [15]
In 2022, the Foundation donated £3million to the Science and Industry Museum in Manchester to fund the future of its Power Hall gallery, which will reopen in 2024. [16] In the same year, the Foundation donated £2.9million to Factory International, a destination for arts, music and culture, commissioning and present a year-round programme of interdisciplinary work by leading artists, due to open in 2023. [17]
Law is the chairman of the board of trustees of Speakers for Schools, which invites public speakers to state schools in the UK. [4] He spoke at the Trinity C.E. High School in Manchester. [2] He is on the board of trustees of Social Finance. [4] Additionally, he is a patron of the Hotcourses Foundation, which helps vulnerable schoolchildren in Kenya. [18]
In an op-ed published in The Huffington Post in 2014, he called for hedge fund managers to be more philanthropic. [19]
He is married to Zoë Law (née Purvis), [20] [4] a former make-up artist whose clients included Sienna Miller, and Emilia Fox and Tamara Mellon. [20] They have a house in west London. [21]
She is now a photographer whose portfolio includes the exhibition LIFE, [22] with portraits of 21 people who have cancer. The exhibition, which was displayed at The Lowry in Salford Quays in 2019, [23] was set up to raise awareness of the cancer support provided by the Maggie's Centres.
According to The Sunday Times Rich List in 2022, Law is worth £750 million. [24]
He is a supporter of the football team, Manchester City F.C. [2] He owns "Manchester City vs Sheffield United", a 1938 painting by L. S. Lowry. [2]
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