According to CNBC's Kate Kelly, BH made the decision to close the $600 million fund after portfolio manager Fabrizio Gallo left to join Bank of America (which has got to hurt) and investors were rumored to be unhappy with the 'personnel changes.' In related news, Larry Summers has apparently been tapped to help 'woo' new clients, so they should be okay.
Brevan Howard Launching New Fund To Prove It’s Not Dead
It was a close call, but ‘n Howard’s gonna pull through and procreate.
The Doomed Planet Of Brevan Howard Has Found Its Kal-El
Alan Howard is going the full Jor-El on Giles Coppel.