"One of the City of London's most prominent financiers has become the latest billionaire to relocate abroad, adding momentum to the growing exodus of wealthy individuals from the UK. Alan Howard, the co-founder of hedge fund group Brevan Howard Asset Management, is understood to have taken up residency in Switzerland, according to UK registry filings cited by Bloomberg. Howard, 62,"
"Howard is ranked 71st on the latest Sunday Times Rich List with an estimated fortune of £2.5 billion, while the Bloomberg Billionaires Index puts his net worth at around $4.3 billion. He founded Brevan Howard in London in 2002, building it into one of Europe's most successful hedge fund firms, managing roughly $34 billion in assets across bonds, currencies, commodities and cryptocurrencies."
Alan Howard, co-founder of Brevan Howard Asset Management, has taken up residency in Switzerland after returning to Geneva, where he lived until 2017. Howard's net worth is estimated at £2.5 billion on the Sunday Times Rich List and about $4.3 billion on the Bloomberg Billionaires Index. Brevan Howard manages roughly $34 billion in assets in bonds, currencies, commodities and cryptocurrencies. His move follows departures by Ian and Richard Livingstone, Jeremy Coller, Nik Storonsky and Lakshmi Mittal. Henley & Partners estimates a net 10,800 millionaires left the UK last year, rising to an expected 16,500 this year. Wealth advisers cite tax reforms and the dismantling of the non-domicile regime as drivers.
Read at Business Matters
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