Difference between revisions of "Michael Hintze"
Tom Griffin (talk | contribs) (→Activities) |
Tom Griffin (talk | contribs) (miscellaneous) |
||
| Line 3: | Line 3: | ||
Hintze is considered one of the highest paid people in the City <ref>Robert Lea, [http://www.thisismoney.co.uk/news/article.html?in_article_id=404355&in_page_id=2 "Hedge fund boss with a '£60m pay packet'"], ''Evening Standard'' | Hintze is considered one of the highest paid people in the City <ref>Robert Lea, [http://www.thisismoney.co.uk/news/article.html?in_article_id=404355&in_page_id=2 "Hedge fund boss with a '£60m pay packet'"], ''Evening Standard'' | ||
14 October 2005 </ref> and has donated more than £1 million to the UK [[Conservative Party]]. According to Forbes' Rich List, he is worth $1.1 billion though many consider this a conservative estimate. <ref> ref needed </ref> | 14 October 2005 </ref> and has donated more than £1 million to the UK [[Conservative Party]]. According to Forbes' Rich List, he is worth $1.1 billion though many consider this a conservative estimate. <ref> ref needed </ref> | ||
| + | |||
| + | ==Background== | ||
| + | Hintze's grandparents fled Russia for China after the 1917 Revolution but his parents became refugees after the Communists took power there. <ref name="Ross&Watt">Tom Ross and Holly Watt, [http://www.telegraph.co.uk/news/politics/conservative/8821348/Michael-Hintze-the-millionaire-Tory-donor-who-once-said-the-more-you-give-the-more-you-get.html Michael Hintze: the millionaire Tory donor who once said: the more you give, the more you get], ''Telegraph'', 12 October 2011.</ref> | ||
| + | |||
| + | ==Education and Career== | ||
| + | Hintze was educated at the [[University of Sydney]], the [[University of New South Wales]] and [[Harvard University]]. He holds degrees in Physics and Pure Mathematics and Electrical Engineering, an MSc in Acoustics and an MBA from Harvard Business School. <ref> [http://old.lseaic.co.uk/programme/speakers/michael-hintze.html Michael Hintze, Programme Speaker], LSEsu and FMG Alternative Investments Conference 2009 </ref> | ||
| + | |||
| + | He started his career in the Australian Army, serving as a captain before moving to the US to work in finance, including at Salomon Brothers in the 1980. He moved to London with [[Credit Suisse First Boston]] before becoming Head of Equity Trading at [[Goldman Sachs]]. In 1999 he launched his own hedge fund company, CQS. | ||
==Activities== | ==Activities== | ||
| Line 14: | Line 22: | ||
His total donations to the Tories were £1.3 million as of March 2011 according to the Electoral Commission register. <ref> Electoral Commission, [link], </ref> | His total donations to the Tories were £1.3 million as of March 2011 according to the Electoral Commission register. <ref> Electoral Commission, [link], </ref> | ||
| − | ===Atlantic Bridge=== | + | ===Liam Fox and Atlantic Bridge=== |
| − | Hintze donated at least to £29,000 to [[Liam Fox]]'s former charity [[Atlantic Bridge]]. | + | Hintze donated at least to £29,000 to [[Liam Fox]]'s former charity [[Atlantic Bridge]].<ref name="Ross&Watt">Tom Ross and Holly Watt, [http://www.telegraph.co.uk/news/politics/conservative/8821348/Michael-Hintze-the-millionaire-Tory-donor-who-once-said-the-more-you-give-the-more-you-get.html Michael Hintze: the millionaire Tory donor who once said: the more you give, the more you get], ''Telegraph'', 12 October 2011.</ref> |
| + | |||
| + | In May 2011, Hintze's company paid an estimated £10,439 for a private jet to fly Fox from Washington to Britain.<ref name="Ross&Watt">Tom Ross and Holly Watt, [http://www.telegraph.co.uk/news/politics/conservative/8821348/Michael-Hintze-the-millionaire-Tory-donor-who-once-said-the-more-you-give-the-more-you-get.html Michael Hintze: the millionaire Tory donor who once said: the more you give, the more you get], ''Telegraph'', 12 October 2011.</ref> | ||
===Funding climate sceptics=== | ===Funding climate sceptics=== | ||
| Line 23: | Line 33: | ||
*See Powerbase page on [[Downing Street Dinner Guest List]] | *See Powerbase page on [[Downing Street Dinner Guest List]] | ||
| − | == | + | ==Philanthropy== |
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
According to Wikipedia, Hintze and wife Dorothy have wide-ranging philanthropic interests and support around 150 different causes. Among major donations, he has established the chair of International Security at the [[University of Sydney]], enabled the restoration of Michelangelo’s frescoes in the [[Pauline Chapel]] at the [[Apostolic Palace|Vatican]] and sponsored two major galleries at the [[Victoria and Albert Museum]]. He also came to the aid of [[Wandsworth Museum]], a much loved local community resource which was facing imminent closure by offering a £2,000,000 rescue package. Through CQS and the [[Hintze Family Charitable Foundation]] he provided funding to create a 'theatre in the round' at the [[Old Vic]] in London. Most recent projects have included sponsorship of an iconic exhibition of [[Raphael]]'s Tapestries for the [[Sistine Chapel]] at the [[V&A]] and a £2,000,000 donation to the [[National Gallery]]. | According to Wikipedia, Hintze and wife Dorothy have wide-ranging philanthropic interests and support around 150 different causes. Among major donations, he has established the chair of International Security at the [[University of Sydney]], enabled the restoration of Michelangelo’s frescoes in the [[Pauline Chapel]] at the [[Apostolic Palace|Vatican]] and sponsored two major galleries at the [[Victoria and Albert Museum]]. He also came to the aid of [[Wandsworth Museum]], a much loved local community resource which was facing imminent closure by offering a £2,000,000 rescue package. Through CQS and the [[Hintze Family Charitable Foundation]] he provided funding to create a 'theatre in the round' at the [[Old Vic]] in London. Most recent projects have included sponsorship of an iconic exhibition of [[Raphael]]'s Tapestries for the [[Sistine Chapel]] at the [[V&A]] and a £2,000,000 donation to the [[National Gallery]]. | ||
| Line 45: | Line 50: | ||
==Contact== | ==Contact== | ||
| − | :Website: | + | :Website: [http://michael-hintze.com/ http://michael-hintze.com/] |
==Resources== | ==Resources== | ||
Revision as of 19:33, 30 August 2012
Michael Hintze is an Australian businessman, philanthropist and political patron, based in the United Kingdom. He is a former head of equity trading at Goldman Sachs and the founder of CQS Management, a private London hedge fund.
Hintze is considered one of the highest paid people in the City [1] and has donated more than £1 million to the UK Conservative Party. According to Forbes' Rich List, he is worth $1.1 billion though many consider this a conservative estimate. [2]
Contents
Background
Hintze's grandparents fled Russia for China after the 1917 Revolution but his parents became refugees after the Communists took power there. [3]
Education and Career
Hintze was educated at the University of Sydney, the University of New South Wales and Harvard University. He holds degrees in Physics and Pure Mathematics and Electrical Engineering, an MSc in Acoustics and an MBA from Harvard Business School. [4]
He started his career in the Australian Army, serving as a captain before moving to the US to work in finance, including at Salomon Brothers in the 1980. He moved to London with Credit Suisse First Boston before becoming Head of Equity Trading at Goldman Sachs. In 1999 he launched his own hedge fund company, CQS.
Activities
Hintze's hedge fund CQS took out a short position on Bradford & Bingley, which went on to lose 95% of its value and was on the brink of collapse before it was rescued in late 2008. Short-selling involves a trader borrowing shares for a fee and selling them in the hope that, if the share price falls, the trader can buy them back at a cheaper price and return them to the borrower, thereby making a profit. The practice was banned by the UK government in September 2008.[5]
Donations to the Conservative Party
In 2006, at the time of the "Cash for Peerages" allegations concerning the Labour Party, Hintze voluntarily revealed he was one of the previously anonymous patrons who had made loans to the Conservative Party.[6]
His total donations to the Tories were £1.3 million as of March 2011 according to the Electoral Commission register. [7]
Liam Fox and Atlantic Bridge
Hintze donated at least to £29,000 to Liam Fox's former charity Atlantic Bridge.[3]
In May 2011, Hintze's company paid an estimated £10,439 for a private jet to fly Fox from Washington to Britain.[3]
Funding climate sceptics
According to the Guardian declined to fund a climate change project in a September 2011 email, in which he stated: "Furthermore we are supporting Nigel Lawson's initiative." This is taken to be a reference to Lawson's Global Warming Policy Foundation.[8]
Dinner at Downing Street with the Camerons
- See Powerbase page on Downing Street Dinner Guest List
Philanthropy
According to Wikipedia, Hintze and wife Dorothy have wide-ranging philanthropic interests and support around 150 different causes. Among major donations, he has established the chair of International Security at the University of Sydney, enabled the restoration of Michelangelo’s frescoes in the Pauline Chapel at the Vatican and sponsored two major galleries at the Victoria and Albert Museum. He also came to the aid of Wandsworth Museum, a much loved local community resource which was facing imminent closure by offering a £2,000,000 rescue package. Through CQS and the Hintze Family Charitable Foundation he provided funding to create a 'theatre in the round' at the Old Vic in London. Most recent projects have included sponsorship of an iconic exhibition of Raphael's Tapestries for the Sistine Chapel at the V&A and a £2,000,000 donation to the National Gallery.
He was made a Knight Commander of the Order of St. Gregory by Pope Benedict XVI in 2005 and is a known supporter of both Catholic and Anglican institutions. [9]
Views
Affiliations
Hintze currently serves as chairman of the Prince’s Foundation for the Built Environment, a trustee of the National Gallery, the Institute of Economic Affairs, the University of Sydney Trust and Wandsworth Museum. He also serves on the International Council of the V&A and is a Patron of the Arts of the Vatican Museums. In 2009 he was appointed vice-president of the Public Monuments and Sculpture Association.
Hintze founded the Hintze Family Charitable Foundation with his wife Dorothy.[3]
Clients
Contact
- Website: http://michael-hintze.com/
Resources
- Simon Bowers, Michael Hintze: Liam Fox backer who helped to bankroll foreign trips, guardian.co.uk, 11 October 2011.
- Sam Jones, James Blitz and Elizabeth Rigby, Tory donor’s links add pressure on Fox, FT.com, 13 October 2011.
- Rachel Oldroyd and Maeve McClenaghan, George Osborne receives almost twice the level of Hintze donations as Fox, The Bureau of Investigative Journalism, 17 October 2011.
Notes
- ↑ Robert Lea, "Hedge fund boss with a '£60m pay packet'", Evening Standard 14 October 2005
- ↑ ref needed
- ↑ 3.0 3.1 3.2 3.3 Tom Ross and Holly Watt, Michael Hintze: the millionaire Tory donor who once said: the more you give, the more you get, Telegraph, 12 October 2011.
- ↑ Michael Hintze, Programme Speaker, LSEsu and FMG Alternative Investments Conference 2009
- ↑ Maire Woolf and David Leppard, Short-sellers bankroll Conservatives: Hedge-fund bosses accused of profiting from the financial crisis have given the Tories a small fortune, 2008, accessed 16 March 2011
- ↑ Iain Dale'S Diary: Exclusive: Loan Tory Chooses This Blog To Go Public
- ↑ Electoral Commission, [link],
- ↑ Graham Readfearn, Leo Hickman and Rupert Neate, Michael Hintze revealed as funder of Lord Lawson's climate thinktank, guardian.co.uk, 27 March 2012.
- ↑ [1]
