Brevan Howard Launches Fund For Pande

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.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note