John Armitage

Net Worth

$1.507B

0% (24h)

John Armitage is a British-Irish billionaire hedge fund manager and the co-founder and chief investment officer of Egerton Capital. Born in 1959, Armitage's career began at Morgan Grenfell in 1981. He later co-founded Egerton Capital in 1994, growing the firm to manage $14 billion in assets. As of October 2024, his net worth is estimated at $1.5 billion. Armitage's main source of wealth comes from hedge funds. He is known for his fundamental, research-intensive stock-picking approach. Armitage is also known for his philanthropic contributions, and his political donations have shifted from the Conservative to the Labour Party. He is a Commander of the Order of the British Empire (CBE).

The Full Dossier

Early Life and Education

John Christopher Armitage was born on December 20, 1959. He was educated at Eton College and earned a degree in modern history from Pembroke College, Cambridge in 1981.

Rise to Success

Armitage began his career in 1981 at Morgan Grenfell. He became a director of Morgan Grenfell Asset Management from March 1991 until 1994. In 1994, Armitage co-founded Egerton Capital with William Bollinger. Egerton Capital has generated $23.9 billion of net gains since its inception in 1995, according to LCH Investments.

Key Business Strategies

Armitage's investment style involves fundamental analysis with long/short equity investing strategies. He focuses on rigorous, concentrated stock selection and forensic analysis. Egerton Capital's long-only equity fund has delivered annualized returns of about 19% net of fees, compared with 7% for the MSCI Europe index. Armitage has been praised for his exceptional performance, making his hedge fund one of the top performers in Europe.

Philanthropy

John Armitage is involved in philanthropy through the John Armitage Charitable Trust, which supports various causes, including young people, education, medical care, and former offenders.

Career Timeline

2006

Member of the investment board of the University of Cambridge

Joined the investment board.

1994

Co-founded Egerton Capital

Established Egerton Capital with William Bollinger.

1991

Director of Morgan Grenfell Asset Management

Served as director until 1994.

1981

Joined Morgan Grenfell

Began his career in the financial industry.

Philanthropic Impact

Various$7M+

The John Armitage Charitable Trust

Supports disadvantaged children, youth support, education, medical care, arts and culture, prisoners and ex-offenders.