DW Takes Over Management Of Brevan Howard Funds

Jan 5 2015 | 10:34am ET

Brevan Howard spin-out DW Partners has taken over as manager for two hedge funds it had previously run for Brevan Howard.

Founded by David Warren in 2009, DW (formerly DW Investment Management) has served as investment manager for the Brevan Howard Credit Catalysts Fund and the Brevan Howard Credit Value Fund since their inception. The funds together have assets of $5 billion; DW oversees total assets of $6 billion.

The assumption of management by DW has been approved by the funds’ investors.  

“This is an exciting day for DW Partners, and we thank all of our investors for their support during this process,” said Warren, who is also the firm's CIO. “Our relationship with Brevan Howard has been an extremely successful one for investors, and we are grateful for the support of Alan Howard and his team. We look forward to continuing our close relationship with Brevan Howard as we begin the next phase of our development as an asset management company.

“We are confident that this transition will create a stronger and even more aligned relationship with our investors, and allow us to meet their growing and complex needs as we seek to produce the strong risk-adjusted returns that investors have come to expect from the Funds.  Importantly, as the credit markets continue to evolve, this transition will allow DW to respond more nimbly to changing environments.  We will be able to access new opportunities and work with sophisticated clients to provide capital efficiently to credit markets.”

Based in New York City, DW has a team of 50 investment and operational professionals.

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