Brevan Howard Shutters Hedge Fund With Manager on Sabbatical
- Kaspar Ernst is expected to return to the firm in due course
- Brevan Howard is returning capital to investors this month
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Brevan Howard Asset Management liquidated an Asia macro hedge fund because its manager, Kaspar Ernst, is taking a sabbatical.
The money pool, which Ernst ran for 15 years, managed $468 million at the end of November and was wound down at the end of last year, according to a person with knowledge of the matter. Brevan Howard is in the process of returning capital to investors this month, said the person, who asked not to be identified because the information is private.