Hedge Fund Rich List King Alan Howard Dethroned

(Reuters) Alan Howard, media-shy founder of Brevan Howard, has lost his top spot in the Sunday Times’ list of Britain’s richest hedge fund managers following a run of poor performances by his flagship fund. After heading the rankings since 2012, Howard slid to fourth place in this year’s list, published on Friday, after taking a 460 million pound ($660 mln) hit to his personal fortune.

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