Gorton/Brevan CTA move marks LDFM transition

Thu Oct 21, 2010

The launch of a major new systematic trading venture by Brevan Howard and London Diversified Fund Management’s co-founder David Gorton forms part of a wider reorganisation of one of London’s longest-running hedge fund trading operations

The unveiling of a potentially big new systematic trading venture between Brevan Howard Asset Management and London Diversified Fund Management co-founder David Gorton forms part of a wider reorganisation of LDFM that will ultimately lead to the creation of three separate asset management entities.

Gorton and Brevan Howard announced earlier this month that they had joined forces to form a new joint venture called DG Systematic Trading LLP, which will pursue systematic trading strategies.

For Brevan Howard, the $30 billion hedge fund group led by Alan Howard that is one of the world’s leading discretionary macro traders, the venture marks a major move into the high-capacity systematic trading space which is dominated in...

ISSN: 2151-1845 / CDC10004H

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