Brevan Howard’s Denjoy Readies Long/Short Hedge Fund

Jan 19 2011 | 10:41am ET

Frederic Denjoy’s stay in Switzerland has been a short one. The Brevan Howard Asset Management partner, who relocated to Geneva last year, is returning to London to launch a hedge fund of his own.

Denjoy Capital Partners’ maiden fund will debut on May 1, Financial News reports. Denjoy, who is leaving Brevan Howard with his share of the £204 million the hedge fund giant paid out to partners earlier this month, will manage a Europe-focused long/short equities strategy.

The new firm will also feature Denjoy’s analyst for the past four years at Brevan Howard, Leo Guo. The nascent firm has also hired Raza Khan and Jenny Ponsonby from Powe Capital Management, the former as chief operating officer and the latter as chief risk officer. All told, Denjoy is expected to have eight employees at launch.

Brevan Howard is not seeding Denjoy; instead, the firm is relying on family and friends for its initial capital. Denjoy will be reaching out to outside investors over the next few months, but the new firm will launch with a limited capacity.

Still, Denjoy’s background and track record will likely have investors clamoring for a piece of the new fund when he decides to launch a serious fundraising effort.

Denjoy is returning to London despite higher taxes in the U.K. and his own background: He is half-Swiss. According to FN, Denjoy is picking the British capital over his ancestral home for both business and personal reasons.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

The yield curve and stock market response

Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.