Which is good, because after the departures over the last decade of Jean-Philippe Blochet, Chris Rokos and James Vernon, he’s really just down to the “n,” anyway. But Alan Howard is going one step further: Not only does he not need Brevan anymore. Given what a terrible job you’ve all been doing, he doesn’t need any of you.
Billionaire Alan Howard, co-founder of the $15.6 billion Brevan Howard Asset Management, is creating a new hedge fund that will be overseen solely by him, according to people with knowledge of the matter….
The fund will cater to investors who want direct exposure to Howard, 53, as well as -- or instead of -- Brevan Howard’s Master Fund, which is overseen by 34 traders, in addition to Howard.