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

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Hedge fund founder Alan 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.

One source said his pledge may have been received in early April, shortly after the March cut-off point for publication this week.The news of his contribution to Tory finances comes amid the quest to fund parties' election war chests, with Britain due to go to the polls by the end of next year. 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.

He praised Rishi Sunak's handling of the economy and said the prime minister"gets the importance of technology and innovation". The Tories' financial fortunes have to some extent fallen hostage to the splintering of Brexit sentiment in the parliamentary party and among its donors.

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