Billionaire—Tory Donor Michael Hintze Has Been Nominated for a Life Peerage

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Case in point, Boris Johnson’s last recommendations for honours include a hedge fund manager and party members.

UK government has recommended that Sir Michael Hintze, a hedge fund manager, and Conservative party donor, take up a seat in the House of Lords.

On Friday, Downing Street announced that King Charles III had approved 26 new peers. Of these 26 individuals, 13 will be affiliated with the conservative party.

Hintze, a successful hedge fund manager in the UK known for his Conservative party donations, has hung a picture of former Tory prime minister Margaret Thatcher in his office overlooking Trafalgar Square.

Although he rarely gives media interviews, he rejects the claim that he is a climate change denier. “Sir Michael is not a climate change denier and never has been,” his spokesman told The Australian Financial Review.

The former Australian army captain was born in China to Russian émigrés and worked at Salomon Brothers, Credit Suisse First Boston, and Goldman Sachs. 1999 was the year that hedge fund CQS spun out.

According to the Sunday Times Rich List, his net wealth is £1.7bn. However, during the market turmoil in 2020 caused by the coronavirus pandemic, the fund he manages at CQS lost about $1bn.

Former prime minister Boris Johnson proposed the names of Conservative peers, and Liz Truss recommended it to the King.

Sir Nicholas Soames, the grandson of former prime minister Sir Winston Churchill, is one political figure recognised for a conservative peerage.

William Soames served as the MP for Mid Sussex in southern England from 1997-2019 and was also a minister of state for the armed forces under Prime Minister John Major.

Tony Sewell CBE, chair of the Commission on Race and Ethnic Disparities, and economist and author Dr Dambisa Moyo have both been appointed as Tory peers

Sir Keir Starmer, Labour leader, recommended Tom Watson, former deputy party leader, and Frances O’Grady, Trades Union Congress general secretary.

Dame Arlene Foster, the former first minister of Northern Ireland, will become a non-affiliated peer in the Lords.

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