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City of London

As Brevan Howard’s Gains Mount, Founder Cuts Back on Trading

  • CEO Landy has made progress in cutting reliance on individuals
  • Brevan Howard’s flagship hedge fund has gained 11% this year
Updated on

Alan Howard’s era as the leading trader at Brevan Howard Asset Management appears to have come to an end.

The veteran investor, whose macro trading prowess made him a billionaire, is no longer managing a significant amount of money for the firm, according to people with direct knowledge of the matter. While Howard had already transitioned out of the day-to-day running of the firm in 2019, he was still managing his own fund, some client money and about a 10th of the capital in the firm’s main strategy as recently as last year.