Brevan Howard Growing In Geneva

Nov 22 2010 | 9:36am ET

Brevan Howard Asset Management has pledged to remain a London hedge fund, but is also showing a big commitment to its new Swiss office.

Europe's largest hedge fund will see its Geneva-based staff more than double in number over the next eight months, Bloomberg News reports. The firm, which manages more than US$30 billion, is also moving into larger quarters in the city to accommodate its larger numbers.

Brevan Howard will likely have 65 employees in Geneva by the middle of next year, up from 30 currently. Among them is firm founder Alan Howard, who has moved to Switzerland to escape higher taxes in the U.K. While the firm has said it has no plans to relocate its headquarters from London, the new office will reportedly have room for up to 100 people, and the hedge fund is allowing its employees the option of moving to Geneva.

To prepare for that influx, Brevan is moving its office in the city—opened earlier this year—across the River Rhone. The hedge fund will occupy four floors on the Rue d'Italie, in a building that also houses Schroders' Swiss private bank. The floors are currently rented by Barclays.

Brevan Howard's current Geneva digs are north of the river, near the city's main train station.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…