(Bloomberg) Brevan Howard Asset Management LLP is giving star traders their own funds again, aiming to stall an investor exodus as its flagship investment pool shrinks. Less than two years ago, one of the hedge-fund manager’s top executives said having multiple funds was a “distraction.” Yet, the firm started a fund directly managed by billionaire founder Alan Howard in March, and is preparing a new macro fund run by Alfredo Saitta and two analysts for launch in the fourth quarter, people with knowledge of the plan said earlier this year. Howard, who was said to have moved back to London last month for family reasons after more than seven years in Geneva, is trying to reboot a firm whose assets shrank to less than $12 billion from a peak of $40 billion in 2013.
Brevan’s U-Turn Gives Its Star Traders Chance to Run Funds Again
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