Updated
Updated · Bloomberg · Jun 17
Brevan Howard Hires 2 Ex-UBS Executives to Back External Equity Hedge Funds
Updated
Updated · Bloomberg · Jun 17

Brevan Howard Hires 2 Ex-UBS Executives to Back External Equity Hedge Funds

1 articles · Updated · Bloomberg · Jun 17

Summary

  • Brevan Howard has recruited Michael Dwier and Adolfo Oliete to run a new effort that will allocate capital to outside stock-focused hedge funds through separately managed accounts.
  • Dwier will target US managers, while Oliete will select equities long/short traders across Europe and Asia, according to people familiar with the plans.
  • The move extends the macro-focused firm's reach into external equity talent and aligns it with a broader push by large investment firms to seed or back independent hedge fund managers.

Insights

As its macro funds falter, is Brevan Howard's big bet on equities a brilliant evolution or a desperate gamble?
With 500% leverage and steep fees, what are the hidden risks in this new wave of equity funds?