Brevan Howard Asset Management LLP, Europe’s second-biggest
hedge fund, is rebuilding in the U.S. after largely pulling out during the 2008
financial crisis, Bloomberg reports.
The $39 billion firm, run by billionaire Alan Howard, is
seeking traders for its New York office after adding 14 people to its U.S. unit
in the past five months, four people familiar with the matter said. Among those
recently hired by London-based Brevan Howard are Don Carson, who ran Credit
Suisse Group AG’s U.S. dollar swaps desk, Josh Bertman, a mortgage trader from
the Zurich bank, and strategists from Deutsche Bank AG.
Brevan Howard, whose U.S. unit expanded to 16 people last
month from two in June, is hiring as Wall Street banks shrink or eliminate
trading desks and hedge funds struggle to profit from Europe’s sovereign-debt
crisis and other global economic trends. The firm, whose main fund is on track
for its second-worst year, is expanding to gain more insight into U.S. markets…..
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