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. As of October 2024, Forbes estimated his net worth at US$1.5 billion.[1]
John Armitage | |
|---|---|
| Born | John Christopher Armitage 20 December 1959 |
| Nationality | British |
| Citizenship | Irish (since 2018)[1] |
| Education | Eton College Pembroke College, Cambridge |
| Occupation | Hedge fund manager |
| Known for | Co-founder and chief investment officer, Egerton Capital |
| Spouse | Catherine Armitage |
Early life
editJohn Christopher Armitage was born on 20 December 1959.[2] He was educated at Eton College,[3] and earned a degree in modern history from Pembroke College, Cambridge in 1981.[4][5]
Career
editArmitage 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]
In 2019 the Sunday Times Rich List estimated his net worth as £600 million.[11]
Personal life
editArmitage lives in London, England.[1] He is married to Catherine Armitage.[2]
In May 2017, he gave £500,000 to the Conservative Party.[12] 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.[13]
In 2018, he acquired Irish citizenship.[1] In February 2018, he purchased a Park Avenue, New York apartment for US$18 million.[2]
References
edit- ^ a b c d "Forbes profile: John Armitage". Forbes. Retrieved 8 October 2024.
- ^ a b c Hamilton, Peter (6 March 2019). "Who is Ireland's newest billionaire?". Irish Times. Retrieved 7 September 2019.
- ^ "John Armitage". www.thetimes.com. 23 April 2009. Retrieved 8 October 2024.
- ^ a b CMS, Copia. "Website Disclaimer". www.egertoncapital.com. Retrieved 28 January 2018.
- ^ a b "Cambridge announces Investment Board". cam.ac.uk. 11 January 2006. Retrieved 28 January 2018.
- ^ "John Armitage - Fund Manager Fact Sheet - Schroders - Citywire". citywire.co.uk. Retrieved 28 January 2018.
- ^ a b CMS, Copia. "Website Disclaimer". www.egertoncapital.com. Retrieved 28 January 2018.
- ^ "Egerton Capital (UK) LLP: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 28 January 2018.
- ^ Editorial, Reuters. "RPT-Hedge fund firm Egerton shuts door to new money - sources". reuters.com. Archived from the original on 29 January 2018. Retrieved 28 January 2018.
{{cite web}}:|first=has generic name (help) - ^ "Hedge fund pays 12 people £141m after stellar year". efinancialcareers.com. 19 November 2014. Retrieved 28 January 2018.
- ^ Times, The Sunday (12 May 2019). "Rich List 2019: profiles 201-249=". The Times. ISSN 0140-0460. Retrieved 25 September 2019.
- ^ Cahill, Helen (18 May 2017). "Party donors: Here are the big names bank-rolling the Conservative campaign". cityam.com. Retrieved 28 January 2018.
- ^ Grylls, George (11 August 2022). "Former Tory backer John Armitage makes donation to Keir Starmer". The Times. Retrieved 12 August 2022.