Andrew Law (financier)

Andrew Law
Born Cheadle Hulme, Stockport, England
Nationality British
Education Cheadle Hulme High School
Sheffield University
Occupation Financier
Spouse(s) Zoe Law

Andrew E. Law is a British financier and philanthropist. He serves as the chairman and chief executive officer of Caxton Associates, a hedge fund headquartered on Berkeley Square in London.

Early life

Andrew E. Law was born and raised in Cheadle Hulme near Stockport, England.[1][2] His father was a mechanical engineer and his mother was a nurse.[1] He was educated at Cheadle Hulme High School.[1] He graduated from the University of Sheffield in Sheffield, South Yorkshire, with a First Class honours degree in Economics in 1987.[3][4][5]

Career

He started his career in finance at County NatWest, now known as NatWest.[1][3] He then worked as a trader at the Chemical Bank.[1][3][5] In 1996, he joined Goldman Sachs, later becoming a managing director, where he oversaw FICC.[3][5]

He started working at Caxton Associates in London in 2003.[3][5] In 2008, he became its Chief Investment Officer.[3][4][6] Since 2012, he has served as its chairman and chief executive officer.[4][5][6]

Political affiliations

Between May 2010 and January 2015, he donated £947,911 to the Conservative Party, making him its 11th biggest donor in this period.[7]

Philanthropy

He co-chairs the Law Family Charitable Foundation with his wife.[3] They support many non-profit organisations, including the Policy Exchange, a think tank based in Westminster.[3] In 2014, they donated £1 million to The Lowry in Salford, where the spaces inside the Main Gallery were renamed The Andrew and Zoë Law Galleries.[8][9]

Law is the chairman of the board of Trustees of Speakers for Schools, which invites public speakers to state schools in the UK.[3] He spoke at the Trinity C.E. High School in Manchester.[1] He also serves on the Board of Trustees of Social Finance.[3] Additionally, he is a patron of the Hotcourses Foundation, which helps vulnerable schoolchildren in Kenya.[10]

In an op ed published in The Huffington Post in 2014, he called for hedge fund managers to be more philanthropic.[11]

Personal life

He is married to Zoe Law, a make-up artist who has worked for the British singer Dido.[3][9] He is a millionaire.[1] He is a supporter of the football team, Manchester City F.C..[1] He owns "Manchester City vs Sheffield United", a 1938 painting by L. S. Lowry.[1]

References

  1. 1 2 3 4 5 6 7 8 9 Andrew Cave, Outspoken hedge fund boss who made the journey from city to city, The Daily Telegraph, 26 May 2013
  2. ↑ Speakers for Schools: Andrew Law
  3. 1 2 3 4 5 6 7 8 9 10 11 Law Family Charitable Foundation
  4. 1 2 3 Social Finance: Board
  5. 1 2 3 4 5 Andrew E. Law, CNBC
  6. 1 2 Sam Jones, Quiet Caxton chief refuses to shout about $1bn gain, Financial Times, 20 October 2013
  7. ↑ Elizabeth Rigby, Gavin Jackson, George Parker, 'Tories double number of big City donors in five years: Miliband attacks 'party of Mayfair hedge funds and Monaco tax avoiders',' Financial Times, 5 February 2015, p. 1, http://www.ft.com/cms/s/0/11306cd0-ac94-11e4-beeb-00144feab7de.html#axzz3wTjPW2T4
  8. ↑ Shelina Begum, Businessman Andrew Law and wife Zoë donate £1m to The Lowry, Manchester Evening News, 2 July 2014
  9. 1 2 The Lowry announces largest ever private donation and achieves £5m capital funding target, The Lowry, 1 July 2014
  10. ↑ Hotcourses Foundation: Patrons
  11. ↑ Andrew Law, The Hedge Fund Formula For Philanthropy, The Huffington Post, 23 January 2014
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