Brevan Shutters First UCITS Fund

Mar 9 2010 | 3:47am ET

UCITS III-compliant vehicles are one of the fastest-growing segments of the hedge fund industry, except at Brevan Howard Asset Management.

Europe’s largest hedge fund manager has pulled the plug on its first UCITS fund and said goodbye to its managers, Financial News reports. Philip Payne and Ian Winship have left the firm.

The Brevan Howard Absolute Return Bond Plus Fund never attracted much interest from investors, “despite positive performance,” the London-based firm told investors last month. The fund was seeded with US$250 million.

Payne and Winship joined Brevan Howard in 2008 along with three colleagues from Aberdeen Asset Management. The other three, Adrian Hilton,  Harry Melandri and Michael Siviter, remain at the firm.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note