Brevan Howard launches US investment firm
Brevan Howard, one of Europe's largest hedge funds, has launched a US investment firm that will start trading in August with cash from its flagship macro fund, as the company looks to capitalise on growing demand for hedge fund strategies.
Alan Howard, the secretive trader at the helm of Brevan Howard Asset Management, and the third-richest hedge fund manager in the UK, has moved to Geneva in a move that will play into the hands of sceptics who question the UK's claim to be Europe's leading centre for hedge funds.