Tuesday, 22 July 2014
Last updated 5 min 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…