David Harding, who founded hedge fund Winton Capital Management Ltd., gave 3.5 million pounds ($5.1 million) to a lobby group that’s campaigning for the U.K. to remain in the European Union.
Harding, whose money pool oversees $30 billion, said in November it’s "vital" that Britain remains part of the 28-member bloc. He was the second-biggest donor to Britain Stronger in Europe through April 21 after David Sainsbury who gave 3.8 million pounds, a spokesman for the group said on Wednesday. The U.K. will vote on a so-called Brexit in a referendum on June 23.
Campaigners for Britain to leave the European Union attracted more donations than groups seeking to remain from February through April 21, according to separate data released on Wednesday by the Electoral Commission. Various “Leave” groups drew 8.2 million pounds in funding, compared with 7.5 million pounds for “Remain” groups, the election watchdog said in an e-mailed statement.
Peter Hargreaves gave the biggest individual donation in the reporting period, handing 3.2 million pounds (4.6 million) to the Leave.EU group, the Electoral Commission said. Leave.EU and Hargreaves Lansdown declined to confirm Hargreaves is the co-founder of the asset management firm who signed a letter in April saying London’s financial districts would thrive outside the bloc.