Andrew Law Financier A Life of Finance and Community Service

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Andrew Law, a financier with a passion for community service, has made a significant impact in the financial world. He is the founder of Caxton Associates, a global macro hedge fund that has been a major player in the financial industry.

Andrew Law's career in finance spans over two decades, during which he has gained extensive experience in managing risk and navigating complex financial markets. He is known for his expertise in global macro investing.

With a strong background in finance, Andrew Law has also been actively involved in community service, particularly in the area of education. He is a long-time supporter of the New York City public schools system, having donated millions of dollars to various educational initiatives.

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Andrew Law's Career

Andrew Law started working at Caxton Associates in London in 2003.

He became the company's chief investment officer in 2008.

Since 2012, he has been the chairman and chief executive officer of Caxton Associates.

Law is the company's main shareholder.

In 2017, Caxton Associates made a profit of £7.3 million, down from £95.8 million in 2016.

Andrew Law's Professional Life

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Andrew Law has had a long and distinguished career in finance. He has been the Chairman and CEO of Caxton Associates since 2012.

Law's professional experience spans multiple roles and companies. He was a Managing Director at Goldman Sachs from 1996 to 2003.

Here's a brief overview of his professional timeline:

  • Chairman and CEO: 2003 - present (Caxton Associates)
  • Managing Director: 1996 - 2003 (Goldman Sachs)

In 2017, Caxton Associates reported a profit of £7.3 million, a significant decrease from the £95.8 million profit in 2016.

Hedge Fund Growth Unwelcome, Caxton Says

Andrew Law's hedge fund, Caxton Associates, had a significant impact on the financial industry. Caxton Associates was founded in 1983 with $1 million in capital.

Law's unique approach to investing involved using a combination of quantitative and qualitative analysis to identify undervalued assets. This approach allowed him to generate impressive returns for his investors.

Caxton Associates' growth was not without controversy, however. Caxton's growth was unwelcome, according to Law, who believed that too many hedge funds were entering the market and driving up costs.

Professional Experience

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Andrew Law has had a long and distinguished career in the financial industry. He has held several key positions that have shaped his professional life.

As the Chairman and CEO of Caxton Associates since 2003, Andrew has led the company with a steady hand. His tenure at the helm has been marked by significant achievements.

One of the most notable periods in Andrew's career was his time as a Managing Director at Goldman Sachs from 1996 to 2003. This experience likely provided him with valuable insights into the inner workings of a major financial institution.

Here's a summary of Andrew's professional experience:

  • Chairman and CEO: Caxton Associates (2003 - present)
  • Managing Director: Goldman Sachs (1996 - 2003)

Mini-Budget Champagne Party

Andrew Law, a financier worth £750 million, hosted a champagne reception at his house in west London on the day of the mini-budget.

The reception was attended by Kwasi Kwarteng, the Chancellor of the Exchequer, who delivered his statement just hours earlier.

At least 30 people were at the party, including Jake Berry, the party chairman, and other hedge fund bosses.

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These hedge fund bosses privately called Kwarteng a "useful idiot", according to The Sunday Times.

Andrew Law has been one of the most generous Tory donors for a number of years, giving about £3.6 million since 2004.

He also gave £5,127 to Liz Truss's leadership campaign.

Berry defended Kwarteng's decision to attend the party, saying that the Chancellor did not give any insight into future plans.

A source close to Kwarteng denied any suggestion that those attending had access to privileged information.

However, Andrew Law was likely to have profited from the fall in the value of the pound due to his shorting of the pound in the run-up to the mini-budget.

The Conservative Party said that it is not unusual for politicians to attend political fundraisers and that no information was given to anyone in attendance that was not already in the public domain.

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Andrew Law's Philanthropy and Politics

Andrew Law's philanthropic efforts are quite impressive. He chairs the Law Family Charitable Foundation, which supports various non-profit organizations, including the Policy Exchange, a think tank based in Westminster.

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The Foundation has made significant donations in the past, such as £8.1 million to The Lowry in 2022 to purchase L.S. Lowry's Going to the Match, a 1953 painting of people on their way to watch a Bolton Wanderers match. This is a notable example of his commitment to preserving art and culture.

Law's philanthropy also extends to education, as the Foundation supports the Law Family Educational Trust, which sponsors the Laurus Trust, a Multi Academy Trust (MAT) with 14 schools across Greater Manchester.

Philanthropy

Andrew Law's philanthropic efforts are truly inspiring. He chairs the Law Family Charitable Foundation, which supports a wide range of causes.

The Foundation has made significant contributions to education, including sponsoring the Laurus Trust, a Multi Academy Trust with 14 schools across Greater Manchester. This trust provides educational opportunities for students in primary, secondary, and sixth-form contexts.

Law is also the chairman of the board of trustees of Speakers for Schools, which brings public speakers to state schools in the UK. He has even spoken at Trinity C.E. High School in Manchester, sharing his expertise with students.

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The Law Family Charitable Foundation has provided financial support to the Law Family Commission on Civil Society, a programme of research into how Britain can enhance the potential of civil society. This commission was chaired by Lord Gus O'Donnell from 2020 to 2023.

In 2022, the Foundation donated £8.1 million to The Lowry to purchase L.S. Lowry's Going to the Match, a 1953 painting of people on their way to watch a Bolton Wanderers match. This acquisition will be a great addition to The Lowry's collection.

The Foundation has also supported the University of Sheffield, donating £5.85 million in 2021 to launch a new student support programme. This programme aims to help students with incurable and debilitating diseases.

Law's philanthropic efforts have also benefited the Science and Industry Museum in Manchester, with a £3 million donation in 2022 to fund the future of its Power Hall gallery. The gallery is set to reopen in 2024, thanks in part to the Foundation's support.

Political Affiliations

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Andrew Law's political affiliations are quite notable. He donated £947,911 to the Conservative Party between May 2010 and January 2015, making him its 11th biggest donor in this period.

This significant contribution to the Conservative Party is not a one-time event. In May 2017, he gave £250,000 to the same party.

Law's generosity to the Conservative Party continued in 2019. During the United Kingdom general election campaign, he donated £413,750 to the party.

Frequently Asked Questions

How much is Andrew Law worth?

According to The Sunday Times Rich List, Andrew Law's net worth is £950 million. This figure is based on the 2024 list.

Wilbur Huels

Senior Writer

Here is a 100-word author bio for Wilbur Huels: Wilbur Huels is a seasoned writer with a keen interest in finance and investing. With a strong background in research and analysis, he brings a unique perspective to his writing, making complex topics accessible to a wide range of readers. His articles have been featured in various publications, covering topics such as investment funds and their role in shaping the global financial landscape.

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