After months of speculation Brevan Howard Asset Management, the $30 billion macro-focused hedge fund manager, has confirmed that Alan Howard – the firm’s founder, co-CEO and senior trader – is moving his full-time base to Geneva.
The news follows the recent confirmation by Mike Platt’s BlueCrest, another of the UK’s largest hedge fund groups with assets of some $18 billion, that it intends to have around 70 investment and support professionals based at its new Geneva operation by year-end.
In both cases the moves have been widely seen as...