Jeremy Hosking

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Jeremy Hosking
Born 20 July 1958
Alma mater University of Cambridge
Occupation Businessman

Jeremy John Hosking (born 20 July 1958), is an English businessman and political donor. He made his fortune through investment and private equity, including as a co-founder and investment portfolio manager for private investment fund Marathon Asset Management. He donated £1.7 million to Vote Leave in 2016 and supported pro-Brexit candidates in the 2017 general election. Hosking is a large collector of steam locomotives, and a shareholder of Crystal Palace F.C.. He was ranked number 309 in the Sunday Times Rich List in 2015, with a net worth of £330 million.[1]

Early life[edit]

Jeremy Hosking was born on 20 July 1958. He graduated from the University of Cambridge in 1979.

Career[edit]

Marathon[edit]

Hosking first worked for G.T. Management PLC in Hong Kong and the United States. In 1986, he co-founded Marathon in London. Hosking led investment in South East Asia, the Americas and South Africa. Hosking has written various papers on investment and corporate governance, including "South East Asia: Eighteen Reasons to be Bearish" in August 1995.

Hoskins separated from Marathon in 2012, and four years later Hoskins was convicted for a "deliberate breach of contractual and fiduciary duties" while working at Marathon. Hoskins was made to pay £1.38 million in damages and £10.4 million in profit sharing that Hosking received in 2012.[2]

In late 2012, Hosking founded Hosking and Co.[3]

Private investments[edit]

In December 2009, Hosking donated £30,000 for funding research support, to Conservative MP David Davis.[4]

In March 2010, Hosking bought the West Sussex country house hotel, the Gravetye Manor, out of administration.[5]

In August 2010, Hosking was part of a four-man consortium which bought Selhurst Park, and then residents Crystal Palace football club out of administration, via the limited company CPFC 2010.[6] On 18 December 2015, it was announced that American investors Josh Harris and David Blitzer had bought a major share holding in the club.[7] Whilst Steve Parish continued as chairman alongside Harris and Blitzer, fellow CPFC 2010 investors Browett, Long and Hosking each retained a reduced 8% investment.[8]

Railways[edit]

Hosking owns a number of steam locomotives and one diesel locomotive, a number of which are operated by Locomotive Services Ltd. He also founded the Royal Scot Locomotive and General Trust, to originally purchase 6100 Royal Scot, which now itself both owns a number of steam locomotives and operates workshops at Crewe. In 2016, Hosking purchased a one-third stake in the Dartmouth Steam Railway plc which operates the Paignton to Dartmouth heritage line in Devon.[9]

Engines currently owned by Hosking include:

Class Number (&Name) Image Current location Current status
GWR 4073 Class
5029
Nunney Castle
5029 Nunney Castle Didcot old slide.jpg
LNWR Heritage, Crewe
Undergoing overhaul.
GWR 6959 Class
6960
Raveningham Hall
[10]
Ravenham Hall.jpg
West Somerset Railway
Operational, non mainline.
GWR 4200 Class
4270
4270 GWSR.JPG
Gloucestershire Warwickshire Railway
Operational, non mainline. Returned to operations in 2014, hauling its first train in 54 years.
SR West Country
34046
Braunton
34046 at Minehead railway station.jpg
Southall LS
Operational, Mainline Certified (2016 - 2023). Returned to traffic in 2016 following the completion of an overhaul, currently disguised as scrapped sister 34052 Lord Dowding.
LMS Stanier Class 5MT
45231
The Sherwood Forester
45231 Castleton East Junction (6).jpg
Carnforth MPD
Operational, Mainline Certified (2013 - 2020). Purchased in November 2015 following the death of Bert Hitchen, the locos previous owner.[11]
LNER Class A4
4464
Bittern
LNER Class A4 60019 Bittern.jpg
LNWR Heritage, Crewe
Having worked the final year of its current boiler certificate at the Mid-Hants Railway, now in store at Crewe Heritage Centre awaiting overhaul.
BR Standard Class 9F
92212
BR Standard 9F No 92212 at Ropley yard.jpg
Mid-Hants Railway
Operational, non mainline. Due to a lack of a flange on the centre driving wheel, cannot be mainline certified.
BR Class 08
08780
Southall LS
Operational
Key: Operational Undergoing testing/Mainline Certification Under Repair Expired Mainline Certificate/Withdrawn from Service/Stored Under overhaul/restoration

Political activity[edit]

Hosking donated £100,000 to the Conservative Party in the 2015 general election.[12] He also donated £1.7 million to Vote Leave in the Brexit referendum of 2016.[12] In the 2017 general election, he gave financial support to pro-Brexit candidates.[12]

References[edit]

  1. ^ The Sunday Times Rich List 2015
  2. ^ [Judge upholds fund giant's £10.4m legal claim against co-founder http://citywire.co.uk/new-model-adviser/news/judge-upholds-fund-giants-10-4m-legal-claim-against-co-founder/a955338], Selin Bucak,Citywire, 05 Oct 2016
  3. ^ Hosking and Co
  4. ^ "David Davis". TheyWorkForYou.com. Retrieved 11 January 2011. 
  5. ^ "Hosking stokes up luxury hotel purchase". The Times. 2 March 2010. Retrieved 11 January 2011. 
  6. ^ "Long live Crystal Palace", Daniel Jones, This is Croydon Today
  7. ^ "Crystal Palace: Deal agreed with US investors Harris and Blitzer". BBC Sport. 18 December 2015. Retrieved 19 December 2015. 
  8. ^ "Investment Deal Is Signed". cpfc.co.uk. 18 December 2015. Retrieved 19 December 2015. 
  9. ^ Steam Raiwlay, page 10, September 2016
  10. ^ "Projects". The Flour Mill. Retrieved 11 January 2011. 
  11. ^ "The Sherwood Forester". Icons of Steam. Retrieved 6 November 2015. 
  12. ^ a b c Savage, Michael (13 May 2017). "Millionaire Brexit donor targets 140 remain MPs in general election". The Guardian. Retrieved 14 May 2017.