Times Online – Alan Howard, a former comprehensive school pupil, is the architect of the biggest hedge fund in Europe and is using his wealth to help leading members of the Conservative party.

Howard, 46, a taker of calculated risks who, for fun, sledges down the Alps in the dark wearing a miner’s headtorch, is Britain’s first hedge-fund billionaire, according to calculations by the compiler of The Sunday Times Rich List.

In terms of overall wealth he is not far behind Lord Ashcroft, the deputy chairman of the Conservatives, who has a £1.1 billion fortune and has loaned the party £3.6m.

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