Chris Rokos, a former top trader and co-founder of Brevan Howard Asset Management, was the biggest individual donor to Britain’s Conservative Party in the latest list of pledges made public before next month’s general election.
Rokos, who co-founded Brevan Howard with billionaire Alan Howard and three other traders in 2002, made a 170,000-pound ($255,493) donation to Prime Minister David Cameron’s party this month, according to Electoral Commission data for the week through April 12 published on Thursday. Rokos declined to comment on the pledge when contacted by telephone.
With two weeks to the U.K. general election, Cameron and his Labour Party challenger Ed Miliband remain neck-and-neck in polls and both parties are on course to fall well short of a majority. Miliband has spooked the City of London, as the U.K.’s financial district is known, with plans to crack down on tax breaks used by hedge funds and private equity funds and impose a levy on bankers’ bonuses.
Rokos, who retired from Brevan Howard in 2012 and plans to start his own hedge fund later this year with the backing of his former employer, is among a group of wealthy donors who helped the Tories, as Britain’s Conservatives are known, raise 492,512 pounds, the data show.
The Labour party got 1.1 million pounds from trade unions and wealthy donors, including a 22,000-pound donation from former Kohlberg Kravis Roberts & Co. partner Clive Hollick. Trade union Unison was the biggest donor with 311,875 pounds. The Liberal Democrat Party received 50,000 pounds. Nigel Farage’s U.K. Independence Party got a donation of 8,000 pounds.
Lehman Brothers Holdings Inc.’s former U.K. head of investment banking, Michael Tory, was the biggest donor to the Conservatives in the first list of pledges made public before the election, according to data published last week for the week through April 5.
Tory, who co-founded advisory boutique Ondra Partners in 2008 after Lehman collapsed in the financial crisis, made a 75,000-pound donation to Cameron’s party last month.
The Electoral Commission, which records British political donations, plans to publish two more sets of data before the vote. The nation’s major parties must report donations and loans of more than 7,500 pounds.