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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...