Monday, 26 January 2015
Last updated 6 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…