Hedge fund founder Howard swells Tory coffers with £1m donation

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Hedge fund founder Howard swells Tory coffers with £1m donation
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The co-founder of Brevan Howard Asset Management's seven-figure donation is likely to be confirmed by the Electoral Commission in September, Sky News learns.

It was unclear whether his seven-figure donation would be disclosed on a list to be published by the Electoral Commission on Thursday.

Last month, Mohamed Mansour, an Egyptian-born billionaire who serves as the Tories' senior treasurer, said he was giving £5m to the party - said to be its biggest donation for more than 20 years. The Tories' financial fortunes have to some extent fallen hostage to the splintering of Brexit sentiment in the parliamentary party and among its donors.

Both have lost their enthusiasm to back the party with their money since Mr Johnson's defenestration, leaving its treasurers to seek alternatives to fill the funding gap.

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