Saturday, 7th November 2009

 

Brevan Howard recruits high-profile names

Brevan Howard Asset Management, Europe’s largest hedge fund manager with $26bn (€18.9bn) of assets, has hired several high-profile names this year, according to public records.

Philippe Lespinard, formerly the deputy chief executive at fixed income specialist Fischer Francis Trees & Watts, has joined as a partner.

Vilas Gadkari, a founder of Rubicon Fund Management in London and formerly chief investment officer at Salomon Brothers Asset Management, has joined the firm to co-manage an Indian equities portfolio with Rommie Bhutani, a portfolio manager formerly at Credit Suisse.

Krishnan Sadasivam, a co-founder of hedge fund KDA Capital and formerly a fund manager at Fidelity International, has also joined the firm and is understood to be involved with the India fund. The portfolio is not yet open to investors, according to a source familiar with the situation.

Luigi Buttiglione has joined the firm from Fortress Investment Group as head of global strategy.

Tim Whyte has joined the firm as a trader from hedge fund Sofaer Capital, where he managed a natural resources fund. Magnus Olsson and Ryan Kennelly have joined from London & Capital, where they worked on funds of hedge funds.

The hedge fund has hired several analysts and traders in the past six months, according to the Financial Services Authority Register. Brevan Howard declined to comment.

Tags: Brevan Howard Asset Management , Hedge Funds

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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