Brevan Howard Hires Deutsche Bank’s Pande for New U.S. Group

Vinay Pande, chief investment adviser at Deutsche Bank AG, is set to join Brevan Howard Asset Management LLP, the hedge fund co-founded by Alan Howard.

Pande, 55, will start Oct. 1 as head of a team including Gerald Lucas and two other researchers, he said today in a telephone interview. The group will be managing money for Brevan Howard U.S. Investment Management LP, which was set up in June, Pande said.

Brevan Howard is expanding after the London-based firm outperformed the hedge-fund industry last year. Assets under management are about $36.7 billion, and the U.S. investment unit initially will oversee about $300 million, according to a June regulatory filing.

Pande joined Frankfurt-based Deutsche Bank in 2006 after leaving Caxton Associates LLC, a New York hedge fund. His advisory group developed strategies for investing around the world, the bank said in a 2006 statement.

From 1985 to 1993 he worked for the World Bank in Washington, including as chief investment officer. His plans were reported earlier by aiCIO, a newsletter.

Max Hilton, a spokesman for Brevan Howard, and Amanda Williams, a spokeswoman for Deutsche Bank, declined to comment.

To contact the reporter on this story: Zeke Faux in New York at zfaux@bloomberg.net

To contact the editors responsible for this story: David Scheer at dscheer@bloomberg.net

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