Seven billionaires in Britain's top-25 richest hedge fund managers' list

April 23, 2015 11:01 PM

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LONDON, April 24 (Reuters) - Britain's top-25 richest hedge fund managers' wealth rose by 1.8 billion pounds ($2.70 billion) to 14.8 billion pounds over the past year, the Sunday Times Rich List showed.

Hedge funds typically charge 2 percent for management and take 20 percent cut in performance generated, making hundreds of millionaires every year in the $3 trillion industry.

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