Patrick Degorce | |
---|---|
Born | 1969 (age 54–55) |
Nationality | French |
Occupation | Hedge fund manager |
Known for | Founder and CEO, Theleme Partners LLP |
Patrick Degorce (born 1969) is a French hedge fund manager, and the founder and chief executive officer (CEO) of Theleme Partners LLP.
Degorce has French nationality, and Swiss residence. [1]
Degorce was an officer in the French Navy in his 20s, before switching to a career in financial services. [2] [3]
He worked for Merrill Lynch Investment Managers for seven years, rising to fund manager. [3] [4]
In 2003, Degorce was a co-founder, along with Chris Hohn, of The Children's Investment Fund Management (TCIF) hedge fund. [5]
In 2007, Degorce wrote to the Dutch bank ABN AMRO calling for its break up, citing its unsuccessful cost-cutting plans. [3] The letter and subsequent press attention ultimately led to its purchase by a consortium led by Royal Bank of Scotland, in what was at the time the world's largest bank takeover at US$98.3 billion. [3] [6]
In 2009, Degorce founded Theleme Partners LLP, a hedge fund based at 15 Davies Street, Mayfair, London, and is its CEO and CIO. [7] Theleme is based in the same premises as hedge fund powerhouse Lansdowne Partners, with whom they share some back office functions. [3]
Degorce was British Prime Minister Rishi Sunak's boss at the Children's Investment Fund Management and Theleme Partners. [5] [8]
In 2011, Degorce was one of the earliest investors in the pharmaceutical company Moderna (when they only had about ten employees), in the hope that they could help find a cure for his "high school sweetheart" wife, who had Stage IV lung cancer. [9]
In October 2017, following hearings at lower courts, three judges at the Court of Appeal ruled in favour of HMRC in respect of a film financing tax avoidance scheme dating back to 2006–07, and Degorce was liable to pay tax of £7.5 million. [10]
As of November 2017, Theleme Partners managed funds totalling US$2.8 billion. [11]
Patrick Degorce | |
---|---|
Born | 1969 (age 54–55) |
Nationality | French |
Occupation | Hedge fund manager |
Known for | Founder and CEO, Theleme Partners LLP |
Patrick Degorce (born 1969) is a French hedge fund manager, and the founder and chief executive officer (CEO) of Theleme Partners LLP.
Degorce has French nationality, and Swiss residence. [1]
Degorce was an officer in the French Navy in his 20s, before switching to a career in financial services. [2] [3]
He worked for Merrill Lynch Investment Managers for seven years, rising to fund manager. [3] [4]
In 2003, Degorce was a co-founder, along with Chris Hohn, of The Children's Investment Fund Management (TCIF) hedge fund. [5]
In 2007, Degorce wrote to the Dutch bank ABN AMRO calling for its break up, citing its unsuccessful cost-cutting plans. [3] The letter and subsequent press attention ultimately led to its purchase by a consortium led by Royal Bank of Scotland, in what was at the time the world's largest bank takeover at US$98.3 billion. [3] [6]
In 2009, Degorce founded Theleme Partners LLP, a hedge fund based at 15 Davies Street, Mayfair, London, and is its CEO and CIO. [7] Theleme is based in the same premises as hedge fund powerhouse Lansdowne Partners, with whom they share some back office functions. [3]
Degorce was British Prime Minister Rishi Sunak's boss at the Children's Investment Fund Management and Theleme Partners. [5] [8]
In 2011, Degorce was one of the earliest investors in the pharmaceutical company Moderna (when they only had about ten employees), in the hope that they could help find a cure for his "high school sweetheart" wife, who had Stage IV lung cancer. [9]
In October 2017, following hearings at lower courts, three judges at the Court of Appeal ruled in favour of HMRC in respect of a film financing tax avoidance scheme dating back to 2006–07, and Degorce was liable to pay tax of £7.5 million. [10]
As of November 2017, Theleme Partners managed funds totalling US$2.8 billion. [11]