John Armitage (banker) explained

John Armitage
Birth Name:John Christopher Armitage
Birth Date:20 December 1959
Nationality:British
Citizenship:Irish (since 2018)[1]
Education:Pembroke College, Cambridge
Occupation:Hedge fund manager
Known For:Co-founder and chief investment officer, Egerton Capital
Spouse:Catherine Armitage

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

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]

Notes and References

  1. Web site: Forbes profile: John Armitage . Forbes . 7 September 2019.
  2. News: Rich List 2019: profiles 201-249=. Times. The Sunday. The Times. 2019-05-12. 2019-09-25. en. 0140-0460.
  3. News: Hamilton . Peter . Who is Ireland's newest billionaire? . 7 September 2019 . Irish Times . 6 March 2019.
  4. Web site: Website Disclaimer. Copia. CMS. www.egertoncapital.com. 28 January 2018.
  5. Web site: Cambridge announces Investment Board. 11 January 2006. cam.ac.uk. 28 January 2018.
  6. Web site: John Armitage - Fund Manager Fact Sheet - Schroders - Citywire. citywire.co.uk. 28 January 2018.
  7. Web site: Website Disclaimer. Copia. CMS. www.egertoncapital.com. 28 January 2018.
  8. Web site: Egerton Capital (UK) LLP: Private Company Information - Bloomberg. www.bloomberg.com. 28 January 2018.
  9. Web site: RPT-Hedge fund firm Egerton shuts door to new money - sources. Reuters. Editorial. reuters.com. 28 January 2018.
  10. Web site: Hedge fund pays 12 people £141m after stellar year. 19 November 2014. efinancialcareers.com. 28 January 2018.
  11. Web site: Party donors: Here are the big names bank-rolling the Conservative campaign. Helen. Cahill. 18 May 2017. cityam.com. 28 January 2018.
  12. News: Grylls . George . Former Tory backer John Armitage makes donation to Keir Starmer . 12 August 2022 . The Times . 11 August 2022.