John Armitage (banker)

Last updated

John Armitage
Born
John Christopher Armitage

(1959-12-20) 20 December 1959 (age 63)
NationalityBritish
CitizenshipIrish (since 2018) [1]
Education Pembroke College, Cambridge
OccupationHedge fund manager
Known forCo-founder and chief investment officer, Egerton Capital
SpouseCatherine Armitage

John Christopher Armitage CBE (born 20 December 1959) is a British-Irish billionaire hedge fund manager, the chief investment officer and a co-founder of Egerton Capital.

Contents

According to The Sunday Times Rich List in 2019, Armitage is worth £600 million. [2]

Early life

John Christopher Armitage was born on 20 December 1959. [3] He earned a degree in modern history from Pembroke College, Cambridge in 1981. [4] [5]

Career

Armitage joined Morgan Grenfell in 1981, and was a director of Morgan Grenfell Asset Management from March 1991 until he left in 1994. [6]

Armitage and William Bollinger co-founded Egerton Capital in 1994. [7] [8] [9] Armitage is the chief investment officer. [4]

In 2006, Armitage became a member of the investment board of the University of Cambridge. [5]

In the year to 31 March 2014, Egerton made a profit of £141.4 million, which was divided between its 12 partners. [10] At the end of 2017, Egerton had $18.8 billion in assets under management. [7]

Personal life

Armitage lives in London, England. [1] He is married to Catherine Armitage. [3]

In May 2017, he gave £500,000 to the Conservative Party. [11] In 2022, Armitage left the Conservative Party and began donating to the Labour Party, with donations also made to the party leader Keir Starmer and Wes Streeting, the Shadow Health Secretary. [12]

In 2018, he acquired Irish citizenship. [1] In February 2018, he purchased a Park Avenue, New York apartment for US$18 million. [3]

Related Research Articles

<span class="mw-page-title-main">Labour Party Conference</span> Annual gathering of the British Labour Party

The Labour Party Conference is the annual conference of the British Labour Party. It is formally the supreme decision-making body of the party and is traditionally held in the final week of September, during the party conference season when the House of Commons is in recess, after each year's second Liberal Democrat Conference and before the Conservative Party Conference. The Labour Party Conference opens on a Sunday and finishes the following Wednesday, with an address by the Deputy Leader of the Labour Party; the Leader's address is usually on the Tuesday. In contrast to the Liberal Democrat Conference, where every party member attending its Conference, either in-person or online, has the right to vote on party policy, under a one member, one vote system, or the Conservative Party Conference, which does not hold votes on party policy, at the Labour Party Conference, 50% of votes are allocated to affiliated organisations, and the other 50% to Constituency Labour Parties, but all voting in both categories is restricted to nominated representatives.

<span class="mw-page-title-main">Paul Tudor Jones</span> American hedge fund manager and investor

Paul Tudor Jones II is an American billionaire hedge fund manager, conservationist and philanthropist. In 1980, he founded his hedge fund, Tudor Investment Corporation, an asset management firm headquartered in Stamford, Connecticut. Eight years later he founded the Robin Hood Foundation, which focuses on poverty reduction. As of April 2022, his net worth was estimated at US$7.3 billion.

<span class="mw-page-title-main">Paul Singer (businessman)</span> American businessman (born 1944)

Paul Elliott Singer is an American hedge fund manager, activist investor, and the founder, president and co-CEO of Elliott Management. As of June 2023, his net worth is estimated at US$5.5 billion.

<span class="mw-page-title-main">AVI Global Trust</span> British investment trust

AVI Global Trust is a London-based British investment trust. The company is a constituent of the FTSE 250 Index. The chairman is Graham Kitchen.

<span class="mw-page-title-main">Keir Starmer</span> Leader of the Opposition in the United Kingdom since 2020

Sir Keir Rodney Starmer is a British politician and barrister who has served as Leader of the Opposition and Leader of the Labour Party since 2020. He has been Member of Parliament (MP) for Holborn and St Pancras since 2015. He was previously Director of Public Prosecutions from 2008 to 2013.

Nicola Karina Christina Horlick is a British investment fund manager, dubbed City 'superwoman' in the British media. She has publicly supported the Labour Party and latterly, the Liberal Democrats.

<span class="mw-page-title-main">David Harding (financier)</span> British billionaire businessman

Sir David Winton Harding is a British billionaire businessman, and the founder and CEO of Winton Group. He had previously co-founded Man AHL. His approach favours quantitative investment strategies, using scientific research as the basis of trading decisions.

Sir Christopher Anthony Hohn KCMG is a British billionaire hedge fund manager.

Robert Leroy Mercer is an American hedge fund manager, computer scientist, and political donor. Mercer was an early artificial intelligence researcher and developer and is the former co-CEO of the hedge fund company Renaissance Technologies.

<span class="mw-page-title-main">Angela Rayner</span> Deputy Leader of the UK Labour Party

Angela Rayner is a British politician serving as Deputy Leader of the Labour Party since 2020 and Shadow Deputy Prime Minister of the United Kingdom and Shadow Secretary of State for Levelling Up, Housing and Communities since 2023. Rayner has been Member of Parliament (MP) for Ashton-under-Lyne since 2015. She ideologically identifies as a socialist and as being part of Labour's soft left.

<span class="mw-page-title-main">Rebecca Long-Bailey</span> British Labour Party politician

Rebecca Roseanne Long-Bailey is a British politician and a formerly practicing solicitor serving as Member of Parliament (MP) for Salford and Eccles since 2015. A member of the Labour Party, Long-Bailey served in the Shadow Cabinet as Shadow Chief Secretary to the Treasury from 2016 to 2017, Shadow Secretary of State for Business, Energy and Industrial Strategy from 2017 to 2020 and Shadow Secretary of State for Education in 2020.

Rebekah Mercer is an American heiress, Republican political donor, and director of the Mercer Family Foundation.

<span class="mw-page-title-main">Sarah Jones (politician)</span> British Labour MP

Sarah Ann Jones is a British Labour Party politician. She has been the Member of Parliament (MP) for Croydon Central since the 2017 general election. She currently serves as Shadow Minister for Industry and Decarbonisation as part of Labour's Shadow Department for Business and Trade team. Until September 2023, Jones was the Shadow Minister for Policing and the Fire Service.

<span class="mw-page-title-main">Luke Pollard</span> British Labour and Co-operative politician

Luke Pollard is a British politician who has served as Member of Parliament (MP) for Plymouth Sutton and Devonport since 2017. A member of the Labour and Co-operative parties, he has been Shadow Minister for the Armed Forces since 2022. Pollard served as Shadow Secretary of State for Environment, Food and Rural Affairs from 2020 to 2021.

<span class="mw-page-title-main">Egerton Capital</span>

Egerton Capital is a British hedge fund.

The 2020 Labour Party leadership election was triggered after Jeremy Corbyn announced his intention to resign as the leader of the Labour Party following the party's defeat at the 2019 general election. It was won by Keir Starmer, who received 56.2 per cent of the vote on the first round. It was held alongside the 2020 Labour Party deputy leadership election, in which Angela Rayner was elected to succeed Tom Watson as deputy leader.

<span class="mw-page-title-main">March 2021 United Kingdom budget</span>

The March 2021 United Kingdom budget, officially known as Protecting the Jobs and Livelihoods of the British People was a budget delivered by Rishi Sunak, the Chancellor of the Exchequer in March 2021. It was expected to be delivered in autumn 2020, but was postponed because of the COVID-19 pandemic. It succeeds the budget held in March 2020, and the summer statement and Winter Economy Plan held in summer and autumn 2020, respectively. The budget is the second under Boris Johnson's government, also the second to be delivered by Sunak and the second since Britain's withdrawal from the European Union. The budget was the first for government expenditure in the United Kingdom to exceed £1 trillion.

Martin Taylor is a British investor and hedge fund manager. He has run several billion dollar funds, focusing on emerging markets. He is also a significant political donor to the Labour Party.

<span class="mw-page-title-main">Beergate</span> British political controversy

Beergate was a British political controversy concerning allegations that an event in Durham on 30 April 2021, attended by Labour Party leader Keir Starmer and Deputy Leader Angela Rayner, could have been in breach of COVID-19 lockdown restrictions. Labour and Starmer said, at the time and since, that the event complied with the rules for work gatherings, with a pause for food. The police, after investigating, cleared the Labour attendees, including Starmer and Rayner.

Sam White is a British political adviser. He is best known as Chief of Staff to Leader of the Opposition Keir Starmer during the period Labour gained a substantive poll lead.

References

  1. 1 2 3 "Forbes profile: John Armitage". Forbes. Retrieved 7 September 2019.
  2. Times, The Sunday (12 May 2019). "Rich List 2019: profiles 201-249=". The Times . ISSN   0140-0460 . Retrieved 25 September 2019.
  3. 1 2 3 Hamilton, Peter (6 March 2019). "Who is Ireland's newest billionaire?". Irish Times. Retrieved 7 September 2019.
  4. 1 2 CMS, Copia. "Website Disclaimer". www.egertoncapital.com. Retrieved 28 January 2018.
  5. 1 2 "Cambridge announces Investment Board". cam.ac.uk. 11 January 2006. Retrieved 28 January 2018.
  6. "John Armitage - Fund Manager Fact Sheet - Schroders - Citywire". citywire.co.uk. Retrieved 28 January 2018.
  7. 1 2 CMS, Copia. "Website Disclaimer". www.egertoncapital.com. Retrieved 28 January 2018.
  8. "Egerton Capital (UK) LLP: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 28 January 2018.
  9. Editorial, Reuters. "RPT-Hedge fund firm Egerton shuts door to new money - sources". reuters.com. Retrieved 28 January 2018.{{cite web}}: |first= has generic name (help)
  10. "Hedge fund pays 12 people £141m after stellar year". efinancialcareers.com. 19 November 2014. Retrieved 28 January 2018.
  11. Cahill, Helen (18 May 2017). "Party donors: Here are the big names bank-rolling the Conservative campaign". cityam.com. Retrieved 28 January 2018.
  12. Grylls, George (11 August 2022). "Former Tory backer John Armitage makes donation to Keir Starmer". The Times. Retrieved 12 August 2022.