With the UK’s next Prime Minister to be chosen shortly by 160,000 members of the Conservative Party, Jeremy Hunt and Boris Johnson have had financial backing from executives of traditional investment groups and hedge funds.

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Johnson’s predominance

Johson has received the majority of the donations. They have arrived in spite of Johnson reportedly stating ‘f*** business’ in response to queries on the future for companies in the UK post Brexit.
David Lilley, partner at metals hedge fund RK Capital, previously gave £100,000 to the Leave campaign. He recently gave Johnson £15,000, according to the MPs’ register of financial interests.
Founder of SRM Global, Jon Wood, has donated £75,000, while founder of Christofferson, Robb and Co, Johan Christofferson, has given £36,000.
Johnson has also received funding from Jamie Reuben, Melbury Capital’s managing partner, who donated £50,000, while Alex Wilmot-Sitwell, a partner at Perella Weinberg investment bank, gave £5,000. Meanwhile Charles Montanaro, chief of Montanaro Investment Managers, has supplied £8,000.

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Speaking to the FT, Montanaro explained that he was happy to support Johnson because he feels that he is the best person to deliver Brexit. Like Johnson he believes that the creative talent within the UK can shine alongside Europe rather than within it.
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Meanwhile, the BBC compares the leadership candidates: https://www.bbc.co.uk/news/uk-politics-48395611.
Support for Hunt

Hunt has attracted donations from Moulsford Capital under Peter Wilson, which supplied office space costing £8,945, while Caxton Associates’ Andrew Law pledged £10,000, having formerly given the Remain campaign £200,000.
Wilson, whose ties with Hunt go back 30 years, explained to the FT that he admires Hunt’s work ethic, values and professionalism. Most importantly he feels Hunt has an entrepreneurial understanding of business’ important role in creating wealth and jobs for society.
Meanwhile, another friend of Hunt’s, Alcentra David Forbes-Nixon, chief executive of BNY Mellon boutique, donated £10,000.
Finally, specialist in emerging markets, Mohamed Amersi, has given £10,000 to both Johnson and Hunt. Amersi commented that he decided to support candidates with a smile and a compelling story. He wants the winner to unite the country, rating Jeremy for ideas and Johnson for charisma. The result of the poll will be announced on 23 July.

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