Friday, 31 July 2015
Last updated 2 hours ago
Sep 10 2009 | 10:51am ET
The salad days for hedge fund hiring are back, at least at Brevan Howard Asset Management.
The London hedge fund manager has picked up three partners from investment banking firms, according to regulatory filings. The new Brevanites are Fabrizzio Gallo, former head of proprietary trading at Morgan Stanley, Danny Bernheim, formerly of Merrill Lynch, and Richard Chau.
The three hires follow Brevan Howard’s most recent hiring coup, in which they nabbed Mark Hillery, a former top manager at Tudor Investment Corp.
Unlike many of its peers, $24 billion Brevan Howard actually made money last year. A lot of money: The firm’s flagship macro fund was up 20% last year, almost the mirror-image of the average hedge fund, and has returned 14% this year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…