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John Armitage (investor)

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John Armitage
Born
John Christopher Armitage

(1959-12-20) 20 December 1959 (age 64)
NationalityBritish
CitizenshipIrish (since 2018)[1]
EducationEton College
Pembroke College, Cambridge
OccupationHedge fund manager
Known forCo-founder and chief investment officer, Egerton Capital
SpouseCatherine Armitage

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]

Early life

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John 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

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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]

In 2019 the Sunday Times Rich List estimated his net worth as £600 million.[11]

Personal life

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Armitage 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

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  1. ^ a b c d "Forbes profile: John Armitage". Forbes. Retrieved 8 October 2024.
  2. ^ a b c Hamilton, Peter (6 March 2019). "Who is Ireland's newest billionaire?". Irish Times. Retrieved 7 September 2019.
  3. ^ "John Armitage". www.thetimes.com. 23 April 2009. Retrieved 8 October 2024.
  4. ^ a b CMS, Copia. "Website Disclaimer". www.egertoncapital.com. Retrieved 28 January 2018.
  5. ^ a b "Cambridge announces Investment Board". cam.ac.uk. 11 January 2006. Retrieved 28 January 2018.
  6. ^ "John Armitage - Fund Manager Fact Sheet - Schroders - Citywire". citywire.co.uk. Retrieved 28 January 2018.
  7. ^ a b CMS, Copia. "Website Disclaimer". www.egertoncapital.com. Retrieved 28 January 2018.
  8. ^ "Egerton Capital (UK) LLP: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 28 January 2018.
  9. ^ 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)
  10. ^ "Hedge fund pays 12 people £141m after stellar year". efinancialcareers.com. 19 November 2014. Retrieved 28 January 2018.
  11. ^ Times, The Sunday (12 May 2019). "Rich List 2019: profiles 201-249=". The Times. ISSN 0140-0460. Retrieved 25 September 2019.
  12. ^ Cahill, Helen (18 May 2017). "Party donors: Here are the big names bank-rolling the Conservative campaign". cityam.com. Retrieved 28 January 2018.
  13. ^ Grylls, George (11 August 2022). "Former Tory backer John Armitage makes donation to Keir Starmer". The Times. Retrieved 12 August 2022.
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