Mergers & Acquisitions / Joint Ventures

Brevan unveils systematic JV with LDFM founder Gorton


Brevan Howard, the $30 billion hedge fund group led by Alan Howard that is one of the world’s leading discretionary macro traders, has unveiled a major move into the systematic trading space with the formation of a joint venture with London Diversified Fund Management founder David Gorton.

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

Gorton – a highly successful fixed-income and macro prop trader at Chemical, Chase and JP Morgan who span out the long-running London Diversified fund