Brevan Howard Said to Spin Off Teams to Manage Two New Funds

Bloomberg – Brevan Howard Asset Management LLP, Europe’s largest hedge-fund manager, spun off groups of credit and currency traders to manage two new funds, people familiar with the situation said.

Luke Ding, who trades foreign exchange for the flagship Brevan Howard Master Fund, will manage Brevan Howard Macro FX, according to the people, who declined to be identified because the plan hasn’t been made public. The Luxembourg-registered fund will be open to individual and institutional investors.

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