Andrew Eric Law (born June 1966) is a British

financier An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...

, hedge fund manager and philanthropist. He is the chairman, chief executive officer (CEO), and major shareholder of

Caxton Associates Caxton Associates is a global macro hedge fund founded by Bruce Kovner in 1983 in New York City. The firm's headquarters are located in London, and also has offices in New York, Sydney, Australia and Princeton, New Jersey. Caxton Associates ident ...

, a hedge fund headquartered on

Berkeley Square Berkeley Square is a garden square in the West End of London. It is one of the best known of the many squares in London, located in Mayfair in the City of Westminster. It was laid out in the mid 18th century by the architect William Ke ...

in London. He is a major donor to the

Conservative Party The Conservative Party is a name used by many political parties around the world. These political parties are generally right-wing though their exact ideologies can range from center-right to far-right. Political parties called The Conservative P ...

Early life

Andrew Eric Law was born in June 1966, and raised in

Cheadle Hulme Cheadle Hulme () is a suburb in the Metropolitan Borough of Stockport, Greater Manchester, England,. Historically in Cheshire, it is south-west of Stockport and south-east of Manchester. It lies in the Ladybrook Valley, on the Cheshire Plain ...

near

Stockport Stockport is a town and borough in Greater Manchester, England, south-east of Manchester, south-west of Ashton-under-Lyne and north of Macclesfield. The River Goyt and Tame merge to create the River Mersey here. Most of the town is within ...

, England.Andrew Cave
Outspoken hedge fund boss who made the journey from city to city
''The Daily Telegraph'', 26 May 2013 His father was a mechanical engineer and his mother was a nurse. He was educated at

Cheadle Hulme High School Cheadle Hulme High School is an 11–18 mixed secondary school and sixth form with academy status in Cheadle Hulme, Cheadle, Stockport. In 1997, it was awarded specialist language college status and in 2000 it became a training school. I ...

. He graduated from the

University of Sheffield , mottoeng = To discover the causes of things , established = – University of SheffieldPredecessor institutions: – Sheffield Medical School – Firth College – Sheffield Technical School – University College of Sheffield , type = Pu ...

Sheffield Sheffield is a city status in the United Kingdom, city in South Yorkshire, England, whose name derives from the River Sheaf which runs through it. The city serves as the administrative centre of the City of Sheffield. It is Historic counties o ...

South Yorkshire South Yorkshire is a ceremonial and metropolitan county in the Yorkshire and Humber Region of England. The county has four council areas which are the cities of Doncaster and Sheffield as well as the boroughs of Barnsley and Rotherham. In N ...

, with a

First Class honours degree The British undergraduate degree classification system is a grading structure for undergraduate degrees or bachelor's degrees and integrated master's degrees in the United Kingdom. The system has been applied (sometimes with significant variati ...

in Economics in 1987.Andrew E. Law
''

CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...

Career

He started his career in finance at County NatWest, now known as

NatWest National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it ...

. He then worked as a trader at the

Chemical Bank Chemical Bank was a bank with headquarters in New York City from 1824 until 1996. At the end of 1995, Chemical was the third-largest bank in the U.S., with about $182.9 billion in assets and more than 39,000 employees around the world. Beginning ...

. In 1996, he joined

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

, later becoming a managing director, where he oversaw FICC.

Caxton Associates

He started working at Caxton Associates in London in 2003. In 2008, he became its chief investment officer.Sam Jones
Quiet Caxton chief refuses to shout about $1bn gain
''Financial Times'', 20 October 2013 Since 2012, he has been its chairman and chief executive officer. Law is the company's main shareholder. In 2017, Caxton Associates made £7.3 million profit, down from £95.8 million in 2016.

Political affiliations

Between May 2010 and January 2015, he donated £947,911 to the

, making him its 11th biggest donor in this period.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 In May 2017, he gave £250,000 to the Conservative Party. During the

2019 United Kingdom general election The 2019 United Kingdom general election was held on Thursday, 12 December 2019. It resulted in the Conservative Party (UK), Conservative Party receiving a Landslide victory, landslide majority of 80 seats. The Conservatives made a net gain of 4 ...

campaign Law donated £413,750 to the Conservative Party.

Philanthropy

He co-chairs the Law Family Charitable Foundation with his wife. They support many non-profit organisations, including the

Policy Exchange Policy Exchange is a British conservatism in the United Kingdom, conservative think tank based in London. In 2007 it was described in ''The Daily Telegraph'' as "the largest, but also the most influential think tank on the right". ''The Washing ...

, a think tank based in

Westminster Westminster is an area of Central London, part of the wider City of Westminster. The area, which extends from the River Thames to Oxford Street, has many visitor attractions and historic landmarks, including the Palace of Westminster, Bu ...

. In 2014, they donated £1 million to

The Lowry The Lowry is a theatre and gallery complex at Salford Quays, Salford, Greater Manchester, England. It is named after the early 20th-century painter L. S. Lowry, known for his paintings of industrial scenes in North West England. The complex ope ...

Salford Salford () is a city and the largest settlement in the City of Salford metropolitan borough in Greater Manchester, England. In 2011, Salford had a population of 103,886. It is also the second and only other city in the metropolitan county afte ...

, where the spaces inside the Main Gallery were renamed The Andrew and Zoë Law Galleries.Shelina Begum
Businessman Andrew Law and wife Zoë donate £1m to The Lowry
''Manchester Evening News'', 2 July 2014The Lowry announces largest ever private donation and achieves £5m capital funding target
The Lowry, 1 July 2014 In 2022, the Foundation provided the £8.1 million funding for the Lowry to purchase L.S.Lowry's Going to the Match, the 1953 painting of people on their way to watch a Bolton Wanderers match at the former Burnden Park stadium. In 2021 the Law Family Charitable Foundation donated £5.85m to the University of Sheffield to launch a new student support programme and search for new therapies for a range of incurable and debilitating diseases. In 2022, the Foundation donated £3million to the Science and Industry Museum in Manchester to fund the future of its Power Hall gallery, which will reopen in 2024. In the same year, the Foundation donated £2.9million to Factory International, a destination for arts, music and culture, commissioning and present a year-round programme of interdisciplinary work by leading artists, due to open in 2023. Law is the chairman of the board of trustees of Speakers for Schools, which invites public speakers to state schools in the UK. He spoke at the

Trinity C.E. High School Trinity Church of England High School, also known as Trinity CE High School, is an academy school located in Hulme, Manchester, North West. The headteacher is Julian Nicholls. The school is in between Higher Cambridge Street and Boundary Lane n ...

in Manchester. He is on the board of trustees of

Social Finance Social finance is a category of financial services which aims to leverage private capital to address challenges in areas of social and environmental need. Having gained popularity in the aftermath of the 2008 Global Financial Crisis, it is notable f ...

. Additionally, he is a patron of the Hotcourses Foundation, which helps vulnerable schoolchildren in Kenya. In an op-ed published in ''

The Huffington Post ''HuffPost'' (formerly ''The Huffington Post'' until 2017 and sometimes abbreviated ''HuffPo'') is an American progressive news website, with localized and international editions. The site offers news, satire, blogs, and original content, and ...

'' in 2014, he called for hedge fund managers to be more philanthropic.

Personal life

He is married to Zoë Law (née Purvis), a former make-up artist whose clients included

Sienna Miller Sienna Rosie Diana Miller (born December 28, 1981) is an American-British actress. Born in New York City and raised in London, she began her career as a photography model, appearing in the pages of Italian ''Vogue'' and for the 2003 Pirelli cal ...

, and

Emilia Fox Emilia Rose Elizabeth Fox (born 31 July 1974) is an English actress and presenter whose film debut was in Roman Polanski's film '' The Pianist''. Her other films include the Italian–French–British romance-drama film '' The Soul Keeper'' (2 ...

and

Tamara Mellon Tamara Mellon (; born 7 July 1967) is a British fashion entrepreneur who co-founded the luxury footwear brand Jimmy Choo. Subsequently, Mellon founded her namesake luxury footwear brand, Tamara Mellon, with co-founder and CEO Jill Layfield and ...

. They have a house in west London. She is now a photographer whose portfolio includes the exhibition ''LIFE'', with portraits of 21 people who have cancer. The exhibition, which was displayed at The Lowry in Salford Quays in 2019, was set up to raise awareness of the cancer support provided by the

Maggie's Centres Maggie's centres are a network of drop-in centres across the United Kingdom and Hong Kong, which aim to help anyone who has been affected by cancer. They are not intended as a replacement for conventional cancer therapy, but as a caring enviro ...

. According to The

Sunday Times Rich List The ''Sunday Times Rich List'' is a list of the 1,000 wealthiest people or families resident in the United Kingdom ranked by net wealth. The list is updated annually in April and published as a magazine supplement by British national Sunday news ...

in 2022, Law is worth £750 million. He is a supporter of the football team,

Manchester City F.C. Manchester City Football Club are an England, English association football, football club based in Manchester that competes in the Premier League, the English football league system, top flight of Football in England, English football. Fo ...

He owns "Manchester City vs Sheffield United", a 1938 painting by

L. S. Lowry Laurence Stephen Lowry ( ; 1 November 1887 – 23 February 1976) was an English artist. His drawings and paintings mainly depict Pendlebury, Lancashire (where he lived and worked for more than 40 years) as well as Salford and its vicinity ...

References

{{DEFAULTSORT:Law, Andrew Living people People from Cheadle Hulme Alumni of the University of Sheffield Goldman Sachs people British hedge fund managers English financial businesspeople English philanthropists Conservative Party (UK) people People educated at Cheadle Hulme School 1966 births Conservative Party (UK) donors Bankers from London