Friday, 26 December 2014
Last updated 2 days ago
Oct 11 2013 | 1:02pm ET
Brevan Howard Asset Management has launched its first hedge fund managed from New York.
The European hedge fund giant opened a base in the Big Apple last year, hiring, among others, a team led by Deutsche Bank's former chief investment adviser, Vinay Pande. Now, a year after Pande's move to Brevan, he's managing his first stand-alone fund at the firm, the Strategic Macro Fund.
The new fund trades a wide variety of asset classes, including equities, bonds, interest rates, foreign exchange and commodities, Bloomberg News reports. Brevan Howard seeded the vehicle with money from its $27.9 billion flagship Master Fund; Pande's team had already been managing $300 million for that fund.
Brevan Howard now employs 28 people in New York. Among them are Pande team members Miguel Costa, Gerald Lucas and Yang Tang. Costa and Lucas are also Deutsche Bank veterans.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.