What's New In Investments, Funds? - Brevan Howard

Tom Burroughes

13 April 2018

is raising money for a new macro hedge fund managed by long-time trader Minal Bathwal, Bloomberg and other media reported, citing unnamed sources.

The MB Macro Fund, which will focus on trends in Asia, is expected to begin trading by the end of the second quarter, the news service said, adding that a Brevan Howard spokesperson declined to comment.
Bathwal is based in Singapore, the report said.

The move comes as Brevan’s billionaire co-founder Alan Howard is trying to restore the fortunes of a firm that has suffered a decline in assets to less than $10 billion from a peak of $40 billion in 2013.

This news service has contacted Brevan Howard for comment and may update in due course.