Brevan Howard Continues Hiring, Adds Morgan Stanley, Merrill Lynch Vets

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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…