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Read previewThere is perhaps no better example of the hedge fund industry's maturation than Brevan Howard. The $35 billion firm has changed considerably since 60-year-old Alan Howard stepped back from running its day-to-day operations in 2019. Now, Howard — the firm's majority owner — no longer manages money at Brevan. The firm's two biggest funds — the long-running, $11.9 billion Master Fund and the younger, $12.2 billion Alpha Fund — each manage more money now than the entire firm did five years ago. Advertisement"The real challenge is keeping the trading talent," said Nagi Kawkabani, a former Brevan Howard co-CEO told Institutional Investor in 2019.
Persons: , Brevan Howard, Alan Howard, Howard, Howard —, Rishi Shah, Fash, Minal Bathwal, Trifon Natsis, Aron Landry, James Vernon, Jean, Philippe Blochet, Chris Rokos —, Natsis, Landry, Brevan, Nagi Kawkabani, Shah, Shaw, He's, he's Organizations: Service, Business, Fund, Alpha, Credit Suisse, Alpha Fund, Citadel, Bloomberg, Investor, United Arab, Winton Group Locations: Brevan, Ville, Natsis, Abu Dhabi, United Arab Emirates
Frank Flight left London-based Brevan Howard earlier this year. Flight was a rates trader for Goldman for six years before joining Brevan last May. A person close to the firm said he left "on his own accord" earlier this year. AdvertisementAt least one Brevan Howard departure this year was not a layoff. Flight had been at the firm for less than a year, joining from Goldman Sachs in May of 2023 after more than six years of trading rates for the bank.
Persons: Frank Flight, Brevan Howard, Goldman, , Howard, Goldman Sachs, Brevan, Alfredo Saitta, Aron Landry, Alan Howard, Bradley Organizations: Brevan, Service, Business, Goldman, Bloomberg Locations: London
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